We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.Donate to our crowdfunder
Yes I do, and at the outset of my comments, I quoted a series of highly professional and well-respected analysts from across the City of London. They were saying that this was a "good outcome", that there would be "a feeling of glee" about the Budget measures, and that they expected
"most domestically-orientated banks...to be better off after four years".
It is important to remember that the £2.5 billion supposedly gained from the banking levy is obtained only as it progresses to years four or five. At the outset, it generates an exceptionally small amount of revenue-I believe the figure is less than £1 billion.
Copy and paste this code on your website