Latest: BankLevy
In today’s Autumn Statement, Osborne has reiterated that the government will not support a European Financial Transaction Tax.
The Chancellor also confirmed that he will increase the bank levy rate to 0.088% to ensure that it still reaches the target of £2.5bn agreed at the beginning of the year.
David Hillman, spokesperson for the Robin Hood Tax campaign, said:
"This is an Autumn Statement for bankers. The Chancellor is...
As the Vickers Commission prepares to launch their final report on Monday 12 September 2011, analysis by nef (the new economics foundation) quantifies the ‘too-big-too-fail’ subsidy for each of Britain’s ‘big five’ banks for the first time, and argues that the Commission’s proposals are too narrow to be effective.
The analysis...
This article originally appeared on the New Statesman website.
Talk to a banker about financial sector taxes and they'll have to call you back from their Blackberry en-route to the airport, the rest of the company in tow, quite prepared to never set foot in the country again to avoid your unnecessary meddling. The world is...
A new report from the Robin Hood Tax campaign shows that Britain's banks will not have repaid the cost of the financial crisis until 2026. As reported by The Guardian,...
