Richard Milnes (Grant Thornton) reviews the new rules on bank loss relief, which were announced during the Autumn Statement in December
‘Time passes and you must move on
Half the distance takes you twice as long’
‘After the thrill is gone’ by Eagles
The banking sector would dearly like to move on from the financial crisis and while government policy supports this goal in some areas urging the banks back to capital and financial strength to return to the business of lending to the real economy tax policy continues to dampen the pace of recovery.
In the Autumn Statement the chancellor announced that: ‘The banks got public support in the crisis and they should now support the public in the recovery.’ In particular their...
