Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 2:12 pm on 1st April 2014.

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Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 2:12 pm, 1st April 2014

I certainly do. The hon. Gentleman must also recognise the importance of banks lending into the real economy, particularly as the recovery takes hold. Does he not recognise that if we are to ensure that banks are properly capitalised again, repeated demands for an ever-larger banking levy—it is already the largest it has ever been, even before 2010—could be diametrically opposed to the long-term interests of the British economy? In other words, it could hinder efforts to get the banks lending again.