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

Third time levy

29 November 2011 By Peter Thal Larsen

Upping Britain’s balance sheet tax may look like a clever way of extracting cash from an unpopular sector. But the fiddling undermines confidence. It also gives banks another reason to shrink. If they do, there’s a third problem: Ministers may have to raise the rate even further.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)