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 Jacob Rees-Mogg Jacob Rees-Mogg Conservative, North East Somerset 2:12 pm, 1st April 2014

Following the point made by my hon. Friend Mark Field, does he recognise that an £800 million additional bank levy would reduce the ability of the banks to lend into the real economy by between £8 billion and £12 billion?