As I said, the reason for the complexity is that all the variables in the design of the bank levy have to be amended because the Treasury wants to squash around that figure of £2.5 billion or £2.6 billion of revenue. In other words, the whole of the bank levy is being driven by that particular sum, which is a very odd way of designing a tax.
Finance (No. 3) Bill
Proceeding contribution from
Chris Leslie
(Labour)
in the House of Commons on Tuesday, 3 May 2011.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 3) Bill.
Type
Proceeding contribution
Reference
527 c488 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 15:57:33 +0000
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