Finance Bill

I understand that hard decisions need to be taken. Last night, when the Financial Secretary spoke to the British Bankers Association, he mentioned a new initiative—a proposed additional levy on banks in respect of their bonuses and profits. Does the Exchequer Secretary know what that might yield? I am sure that many of us in this House would prefer to see those who contributed most to getting us into this difficulty doing most to help us to get out of it, rather than levying rises in VAT.