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Osborne ponders bank windfall tax Darling warns banks over bonuses
(30 minutes later)
Shadow chancellor George Osborne has said he would not rule out a windfall tax on bank profits if the Tories win the next election. Chancellor Alistair Darling has warned banks that the government will "not be held to ransom" over bonuses.
Labour is reported to be considering a windfall tax on bank bonuses in Wednesday's pre-Budget report. He told BBC One's Andrew Marr show the government had a veto over bonuses at RBS and they had to be "reasonable".
But he played down reports he will hit bankers with a windfall tax on bonuses in Wednesday's pre-Budget report.
Shadow chancellor George Osborne has said he would not rule out a windfall tax on bank bonuses but would prefer a tax on future profits.
Mr Osborne told BBC One's Andrew Marr programme banks should not pay "big cash bonuses" this year.Mr Osborne told BBC One's Andrew Marr programme banks should not pay "big cash bonuses" this year.
And he said banks could face a windfall tax when they "start making profits again" under the Conservatives. And he said banks could face a windfall tax when they "start making profits again" if the Conservatives win power.