New Clause 3 — Bank taxation

Part of Business of the House – in the House of Commons at 6:30 pm on 8 November 2010.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 6:30, 8 November 2010

I am following the hon. Lady's logic. She is saying that we do not want to do anything that would drive the banks away-that old chestnut again-but is she seriously saying that the proposal in the new clause to have a review of the level of taxation would be enough to frighten them all offshore? Is she really saying that?