Baku – APA-Economics. Britain said on Tuesday it will increase its banking levy by STG800 million ($A1.27 billion) to STG2.5 billion ($A3.97 billion) this year, in a surprise move that has angered the banking sector, Ninemsn reported.
Finance Minister George Osborne confirmed that the levy would be made permanent as talks between the government and banks reach a crunch point over limiting executive bonuses and increasing lending to small businesses.
The move, announced by the Treasury, came amid mounting public outrage in Britain at that banks as they prepare to unveil huge bonuses, which the government has appeared powerless to curb.
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