Danny Alexander sets out plans to hike bank levy by £1bn March 1, 2015 The Lib Dem chief secretary to the Treasury Danny Alexander will lay out plans tomorrow to hit Britain's banks with a new £1bn tax. If Alexander fails to secure the measure in the chancellor's final budget before the election the Lib Dems will include the tax in the party's manifesto. The proposal would take the [...]
Changes to bank levy will cost firms £400m per year March 28, 2014 THE BANK levy will rise to £2.9bn from its previous target of £2.5bn per year, under plans in a consultation out yesterday, as the Treasury looks to fix the amount of money it raises from the industry. In 2010 the plan was to tax banks based on the size of their balance sheet, aimed at [...]
Miliband adds childcare to list of policies funded by bank levy November 18, 2013 LABOUR leader Ed Miliband yesterday revealed details of his plan to pay for more free childcare for working parents with the proceeds of the banking levy – a funding tactic that the Conservatives said was impractical. Miliband said he would offer 25 hours of free care for children aged between three and four, up from [...]