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The chairman of an influential committee of British lawmakers has asked finance minister George Osborne to make clear that banks should not be able to offset regulatory fines against their corporation tax bills. In a letter sent to the Treasury, Conservative lawmaker Andrew Tyrie said it was important lenders were paying the full cost of misconduct penalties. "It would be wholly unacceptable if taxpayers, having bailed out the banks in 2008, were to find themselves partly responsible for paying the banks' fines," Tyrie said in the letter, published on Sunday.
Adele, who broke records with her song "Hello" and latest album "25," was officially the biggest artist of 2015. Global music industry body IFPI said that the British ballad singer was the top-selling musical act last year based on worldwide sales of recordings. Adele achieved the feat for the full year even though she did not release "25" until November 20 and declined to put the album on streaming sites, a rare move at a time when such on-demand services are growing rapidly.