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Part of their excessive profits should be clawed back through windfall taxes.
As Gavin Kelly, chief executive of the Resolution Foundation, pointed out, all this means to poor people who are working is that any gains they make in rising personal allowances will be clawed back through benefits cuts.
Three million taxpayers earning over £50,000 will be sent letters in the autumn asking if they or anyone in their household receives child benefit - in order for some to be clawed back through tax from January 2013.
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2017-18 Tandanationalnal insurance account for £16,463 a year – but because their one income is above £60,000 all the child benefit is clawed back through an equivalent tax charge.
Income £60k 2015-16 Tax and national insurance account for £16,991 a year, but because their one income is £60,000 all the child benefit is clawed back through an equivalent tax charge.
In some cases, bonuses can be clawed back.
And the award can still be clawed back.
Payments would then be clawed back via their income tax codes.
If a firm suffered losses, the bonuses would be clawed back.
With one eye to Greece – whose own destiny within the family of eurozone nations is still far from assured – he has announced that his top priority will be clawing back the credibility lost through prevarication and foot-dragging by Demetris Christofias, the communist he replaces.
The trick will be clawing back LaSalle.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com