Britain to increase its bank levy

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

According to Wall Street Journal, Chancellor George Osborn announced that British government plans to raise its bank levy. The current rate of 0.078% will be raised to 0.1%. The increase will produce additional 2.5 billion pounds for British government. Osborn will deliver this plan today at the meeting at the House of Commons.

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Tue, 29 Nov 2011 15:42:17 GMT

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