This Christmas some of the banks at the heart of the financial crisis have started handing out bonuses, provoking cries of foul from the Church, the political classes and from the public. But now the Government has announced a tax on these windfalls, what will be the consequences of trying to stop bankers being bankers? How much does the city of London contribute annually to the Treasury, and how would the British economy manage without it? There are already signs of an exodus of wealth creators from the city. Switzerland is among the beneficiaries. Politics UK assembles its own Christmas Carol and examines the prospects for the the British economy in the Christmases to come.
Presented by Susan Hulme