UK Parliament / Open data

Finance Bill

Yes I do, and at the outset of my comments, I quoted a series of highly professional and well-respected analysts from across the City of London. They were saying that this was a "good outcome", that there would be "a feeling of glee" about the Budget measures, and that they expected""most domestically-orientated banks…to be better off after four years"." It is important to remember that the £2.5 billion supposedly gained from the banking levy is obtained only as it progresses to years four or five. At the outset, it generates an exceptionally small amount of revenue—I believe the figure is less than £1 billion.

About this proceeding contribution

Reference

513 c718 

Session

2010-12

Chamber / Committee

House of Commons chamber
Back to top