U.K. Banks Stunned By Higher Levy

U.K. banks have expressed surprise that the government has decided to raise its levy on them by £800 million ($1.287 billion)—a 50% increase—complaining that it would raise their costs and throw off their 2011 budgets.

  • 09 Feb 2011
U.K. banks have expressed surprise that the government has decided to raise its levy on them by £800 million ($1.287 billion)—a 50% increase—complaining that it would raise their costs and throw off their 2011 budgets. George Osborne, the U.K. Chancellor of the Exchequer, announced the increase to the ...

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4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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