No, I cannot confirm that, because it is not correct. The reality is that the reductions in corporation tax falling to banks have been more than offset by increases in the bank levy. We have sought on every occasion to offset the decreases in corporation tax through increases in the levy.
Finance (No. 2) Bill
Proceeding contribution from
David Gauke
(Conservative)
in the House of Commons on Monday, 15 April 2013.
It occurred during Debate on bills on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
561 c61 
Session
2012-13
Chamber / Committee
House of Commons chamber
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Timestamp
2014-08-20 10:41:54 +0100
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