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CITY VIEWS: should vat go up or should banks be taxed more?

BRIAN COLGAN | AVIVA

“I think tax the banks more. Increasing VAT equals less spending which drives less money into the economy. They caused the problem so they can get us out of it."

JAMIL ALAM | RBS

“Definitely the banks in my opinion. Why charge the individual? The bottom line is, they created the credit crunch crisis so why should we as individuals pay for it?”

STEPANCHENKO MYKHAYLO | HMRC

“Taxes for banks and finance institutions should be increased because more businesses in this sector have the financial means to pay and suffer less of a loss. Individuals, regardless of whether they are employed are paying the price anyway and VAT is already high.”