CHANCELLOR Alistair Darling today conceded the recession had been deeper than he'd expected as he revealed a super-tax on banks wanting to pay employees big bonuses.He also announced a 0.5% rise in all employer, employee and self-employed National Insurance rates in 2011 and a squeeze on public sector pay rises to 1%.

Addressing a packed House of Commons for his hotly anticipated Pre-Budget Report - six months ahead of an expected General Election next May - Mr Darling said the economy was expected to have shrunk by 4.75% this ......for the full story register now for free or login below...