We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Three hikes and more doubt

26 November 2012 By George Hay

The coalition’s annual tax on lenders’ balance sheets started life as a smart way to raise cash while geeing banks to slash risky short-term funding. But bankers now expect the rate to be raised for the third time. That undermines incentives. Better to focus on stimulating lending.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)