Thanks to the Lib Dems in Government, banks will be forced to pay their fair share in these tough economic times.
The Lib Dems have ensured that the Government will once again raise at least £2.5bn from its bank levy. This levy, which the Lib Dems demanded, raises more money each year from the banks than the last Labour Government ever managed. During their 13 years in Government, Labour let the banks run wild
and left the taxpayer to foot the bill. Now the Lib Dems are taking real action to clean up Labour’s economic mess and make sure the banks pay their way.
Lib Dems in government are also opposing Tory plans to drop the 50% tax rate on high earners. Thanks to this stand half of banker’s bonuses is paid as tax. Quite right too considering the damage their selfish and short sighted behaviour has caused to economies across the world.