Page last updated at 16:32 GMT, Wednesday, 9 December 2009

City reacts to chancellor's super-tax on bonuses

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Chancellor Alistair Darling has announced plans for a one-off super-tax on bankers' bonuses as part of his pre-Budget report.

He introduced a temporary levy of 50% on any individual discretionary bonus paid above £25,000.

Shaun Springer, chief executive of the remuneration consultancy Square Mile Limited, gave his reaction to the measure.

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