Malcolm Wicks

Former Labour MP for Croydon North

Bankers' Bonus Tax

There have been votes in Parliament on the level of taxation applied to Banker' Bonuses. In 2009 a one-off 50% tax on on any individual discretionary bonus over £25,000 paid to a banker was levied and there have been a number of votes since on reintroducing such a tax.

Photo: bram_souffreau

Malcolm Wicks almost always voted for a banker’s bonus tax

TheyWorkForYou has automatically calculated this MP’s stance based on all of their votes on the topic. You can browse the source data on PublicWhip.org.uk.

Key votes about a banker’s bonus tax:

  • On 5 Sep 2012: Malcolm Wicks was absent for a vote on Opposition Day — Housing Show vote
  • On 5 Sep 2012: Malcolm Wicks was absent for a vote on Opposition Day — House Building — Bankers' Bonus Tax — VAT on Work on Homes Show vote
  • On 3 Jul 2012: Malcolm Wicks was absent for a vote on Finance Bill — New Clause 13 — Report on Bankers' Bonus Tax Show vote
  • On 17 May 2012: Malcolm Wicks voted for measures to stimulate economic growth and job creation; for a tax on bank bonuses to fund guaranteed jobs for young people out of work for over a year; to reduce VAT; for a tax break for small firms taking on extra workers and to make infrastructure investment sooner. Show vote
  • On 17 May 2012: Malcolm Wicks voted to create jobs; to tax bank bonuses to fund guaranteed jobs for young people out of work for a year; to cut VAT; to give a tax break to small firms taking on more workers and to make infrastructure investment sooner. Show vote
  • On 18 Apr 2012: Malcolm Wicks voted to require the chancellor to review the possibility of reintroducing a tax on bankers' bonuses and how the revenue raised could be spent on tackling unemployment. Show vote
  • On 23 Jan 2012: Malcolm Wicks was absent for a vote on Opposition Day — The Economy, Bankers Bonuses and Job Creation Show vote
  • On 14 Dec 2011: Malcolm Wicks voted to create 100,000 jobs and build 25,000 homes using funds raised via a bank bonus tax, to reduce VAT on home improvements and for tax breaks for small firms taking on new workers. Show vote
  • On 23 Nov 2011: Malcolm Wicks voted to start long-term investment projects sooner, to reduce VAT on home improvements and repairs, and to give a tax break to small companies employing new workers. Show vote
  • On 9 Nov 2011: Malcolm Wicks was absent for a vote on Opposition Day — Bankers Bonuses — Jobs Guarantee — Reducing VAT — Tax Incentive for Small Firms to Take on Extra Workers Show vote
  • On 12 Oct 2011: Malcolm Wicks voted to create more jobs for young people, funded by bank bonuses, to make planned investment sooner, to reduce VAT and for a tax break for small firms taking on extra workers. Show vote
  • On 13 Sep 2011: Malcolm Wicks voted for a tax on bank bonuses to be spent on creating 100,000 jobs and building 25,000 affordable homes; for increased funding to support businesses; for more apprenticeships; and for a VAT cut. Show vote
  • On 13 Jul 2011: Malcolm Wicks voted in favour of providing more training and employment opportunities for unemployed young people between the ages of 16 and 25, supported by payments from banks out of their bonus budgets. Show vote
  • On 5 Jul 2011: Malcolm Wicks voted to require the chancellor to review the possibility of reintroducing a tax on bankers' bonuses and how the revenue raised could be spent on tackling unemployment. Show vote
  • On 22 Jun 2011: Malcolm Wicks voted to reduce the deficit over a longer period, to cut VAT to 17.5%, to repeat the 2010 bank bonus tax, to build 25,000 affordable homes and create 100,000 jobs for young people. Show vote

Note for journalists and researchers: The data on this page may be used freely, on condition that TheyWorkForYou.com is cited as the source.

For an explanation of the vote descriptions please see our page about voting information on TheyWorkForYou.