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My hon. Friend refers to page 26 of the Red Book, which states at paragraph 1.63 that
"the Government will introduce a levy based on banks' balance sheets from
The paragraph concludes by saying:
"The levy will result in a rebalancing of the burden of taxation between banking and other sectors."
Does my hon. Friend agree that that actually supports his amendment, in the sense that we should not take decisions on the banks' corporation tax rates before this levy is introduced?
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