Chancellor George Osborne has announced in the Summer Budget that banks will face a new 8% surcharge on profits.
Osborne said that he would gradually phase out the bank levy over the next six years, months after announcing a 50% rise in the levy in the last Budget. He said: "I will, over the next six years, gradually...
'No viable alternative'
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3 March 2020
CIO Stephen Jones will take up UK duties on an interim basis
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