WHAT DO YOU THINK ABOUT OSBORNE’S DECISION TO INCREASE THE BANK LEVY?

GRAEME LEACH | INSTITUTE OF DIRECTORS
The increase confirms our concern that the levy would ramp up over time and risk undermining the competitiveness of the City. Let’s hope this is the last increase.

CHUKA UMUNNA LABOUR
Ministers have already been boasting that the bank levy will raise £2.5bn a year, so this is little more than a re-announcement.

ANGELA KNIGHT | BRITISH BANKERS’ ASSOCIATION
The levy is complex and will hit our most global banks hardest as they operate and pay tax across national boundaries.