The disgraceful, failing Tory government has gifted the greedy bankers with a tax cut.
By reducing the levy from the more realistic £3.5billion imposed by Alaistair Darling last year, the fawning super-rich chancellor Gideon Osbourne has effectively given the banks a huge tax cut. Ed balls explains all in a BBC interview here. VIDEO OF ED BALLS HERE.
Were the bankers grateful? like Hell. The chairmen and chief executives of the UK’s big four banking groups are livid that an additional £800m levy has been imposed on their banks. They are now considering refusing a scheme which would have offered businesses some small financial help with loans etc. See Robert Pestons Blog HERE