Part of Finance (No. 2) Bill – in the House of Commons at 5:15 pm on 21st February 2018.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury) 5:15 pm, 21st February 2018

I am grateful to the Minister for that explanation, but as we have said before, when we take both those measures together, we see that the reduction in the levy along with the surcharge results in a lower overall contribution over time. We have spelled out clearly in our previous debates that the overall amount coming from the banks is receding over time, even with the surcharge.