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Financial Services Industry

Volume 451: debated on Wednesday 8 November 2006

To ask the Chancellor of the Exchequer what assessment he has made of the effect of large bonus payments to people employed in the financial services industry on (a) inflationary pressures and (b) shareholder values. (99370)

No specific analysis has been undertaken on the implications of financial sector bonuses for either inflationary pressures or shareholder values. A full assessment of recent economic developments and prospects will be published in the forthcoming pre-Budget report.