U.K. Banks May Face Tax For Lending Too Little

18 May 2011

U.K. banks that fail to meet their pledge to lend more could face additional taxes, David Cameron, the British prime minister, hinted at a parliamentary committee meeting.

U.K. banks that fail to meet their pledge to lend more could face additional taxes, David Cameron, the British prime minister, hinted at a parliamentary committee meeting. Under an agreement called Project Merlin, banks committed to certain lending levels in exchange for the government not imposing new taxes ...

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