Labour Party: The Government has chosen to water down plans for a bank levy - Leslie

Chris Leslie MP, Labour's Shadow Treasury Minister, commenting on the detail of the Government's bank levy published today, said:

"On the day we're being told that a tuition fee rise to £9,000 is ‘unavoidable’, the Government has chosen to water down plans for a bank levy. 

“The financial services industry is an essential part of our economy, but it needs to pay its share towards getting the deficit down. 

“It tells us everything about this Government's priorities that they are cutting more from university teaching budgets than their watered down bank levy will raise."