Vincent Cable

Former Liberal Democrat MP for Twickenham

@vincecable https://facebook.com/VinceCableForTwickenham

Taxation of Banks

There have been votes in Parliament on taxation of banks. The "banking levy" is one such tax: it is charged annually based on the amount a bank holds in assets,.

Photo: bram_souffreau

Vincent Cable generally voted for higher taxes on banks

TheyWorkForYou has automatically calculated this MP’s stance based on all of their votes on the topic. You can browse the source data on PublicWhip.org.uk.

All votes about higher taxes on banks:

  • On 21 Feb 2018: Vincent Cable was absent for a vote on Finance (No. 2) Bill — Third Reading Show vote
  • On 18 Dec 2017: Vincent Cable was absent for a vote on Finance (No. 2) Bill — Schedule 9 — Bank Levy — Exclusion of Overseas Elements of UK Banking Groups Show vote
  • On 11 Dec 2017: Vincent Cable voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 11 Dec 2017: Vincent Cable voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 28 Nov 2017: Vincent Cable voted against narrowing the scope of the bank levy tax so it is calculated only on the basis of a bank's UK assets; against excluding overseas activities of UK headquartered banking groups from the charge. Show vote
  • On 25 Mar 2015: Vincent Cable was absent for a vote on Finance Bill — Third Reading Show vote
  • On 23 Mar 2015: Vincent Cable voted to approve the March 2015 budget which contained plans to spend £76bn more than was expected to be taken in and introduced a help to buy ISA, reduced corporation tax and increased spending on mental health by around £300m/year. Show vote
  • On 25 Mar 2014: Vincent Cable voted in favour of increasing the rate of the bank levy tax and in favour of changes aimed at improving the operational efficiency of the levy. Show vote
  • On 19 Nov 2013: Vincent Cable voted against increasing the amount of free child care offered to parents of 3 and 4 year olds from 15 to 25 hours Show vote
  • On 5 Jul 2011: Vincent Cable voted in favour of the measures in the 2011 Budget including reducing the threshold for paying higher rate income tax, increasing the income tax free personal allowance, reducing corporation tax and reducing the main rate of corporation tax from 27 to 26%. Show vote
  • On 26 Apr 2011: Vincent Cable voted in favour of the measures in the 2011 Budget including reducing the threashold for paying higher rate income tax, increasing the income tax free personal allowance, reducing corporation tax and reducing the main rate of corporation tax from 27 to 26%. Show vote
  • On 26 Apr 2011: Vincent Cable voted in favour of the measures in the 2011 Budget including reducing the threshold for paying higher rate income tax, increasing the income tax free personal allowance, reducing corporation tax and reducing the main rate of corporation tax from 27 to 26%. Show vote

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For an explanation of the vote descriptions please see our page about voting information on TheyWorkForYou.

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