In defence of The City, sort of...

So Mervyn King thinks it’s "depressing" for bankers to delay their bonuses until April and the new tax year to avoid the top rate of tax? I hadn’t thought of this ruse and so I shouted over to the MD of Inn Securities: "Hey! What was my fourth quarter bonus again?" "It was somewhere between a negative value and zero." "Ok, can you delay that payment until April 7th so I pay just 45% tax on it rather than 50%?" "Sure. Whatever you want."