Government has buried plans to water down an already puny bank levy

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date: 9 December 2010

embargo: for immediate release

Commenting on the publication today (Thursday) of final legislation to introduce a bank levy, TUC General Secretary Brendan Barber said:

'With all eyes on the tuition fee vote, the government's spin machine is trying to bury the unpopular news that they are going soft on an already puny bank levy.

'But while banks benefit from corporation tax cuts and go back to paying huge bonuses, the rest of us are facing cuts in vital services and a VAT hike - the most unfair tax of all. Yet ministers still have the cheek to say their policies are fair.'


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