Go to the Globe and Mail homepage

Jump to main navigationJump to main content


U.K. should hit the brakes on bank levy hikes Add to ...

Subscribers Only

The U.K. should resist yet another bank levy hike. When the coalition’s annual tax on lenders’ balance sheets was announced in June of 2010, it looked a smart way to raise cash while encouraging banks to slash risky short-term funding. But bankers now expect a third hike in the levy’s rate. This sensible tax risks becoming a joke.

Report Typo/Error

Next story




Most popular videos »

More from The Globe and Mail

Most popular