Wednesday, 26 May 2010

UK may press alone with banks tax

Britain is prepared to press ahead alone with a tax on banks to insure against future collapses, new Business Secretary Vince Cable has said.

He was speaking in Brussels on Tuesday on the eve of the launch of European Commission proposals for an EU-wide levy to form a multibillion-pound bailout fund.

Mr Cable said support for such a scheme was already part of the coalition Government agreement, adding: "The more countries that join, the better."



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