Press Round-up – March 16

By Reuters Staff
March 16, 2012

Osborne poised to cut top-rate income tax
British finance minister George Osborne is poised to slash the top rate of income tax from 50 pence to 40 pence in next week’s budget in a dramatic move that will delight business, but risks reinforcing the Conservatives’ reputation as protectors of the super-rich.  (Guardian)

Lloyds penalises former directors over HBOS deal
Eric Daniels and a trio of fellow former directors at Lloyds Banking Group have missed out on a 2 million pounds payday after being further penalised for their stewardship of the state-backed lender.  (Telegraph)

SFO set to contact BP over fraud allegations
The Serious Fraud Office is to contact oil giant BP in connection with a “serious case of bribery and corruption” revealed by a whistleblower.  (Telegraph)

Argos chief urges Osborne to aid shoppers’ income
The chief executive of Home Retail Group has pleaded with Britain’s finance minister George Osborne to improve the incomes of lower and middle earners in next week’s budget as the company continues to haemorrhage sales.  (Times)

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