Alexander: Raise £1bn from extra Corporation Tax on banks

 
"We will raise an extra £1 billion from a time-limited supplementary Corporation Tax for the banking sector."
In March 2015, Danny Alexander said: “We must balance the books and do so fairly, so it is only right to reconsider whether banks are making a fair contribution to deficit reduction.”

The Liberal Democrat Chief Secretary to the Treasury added: “Failings in the banking system were a major factor in the great crash of 2008.  That is why we have always insisted that the banks help fund repairing the economy.”

“This tax would remain in place until that job is complete.”

Sources

Liberal Democrats propose £1bn tax on banks to clear deficit (ITV)

Liberal Democrats to raise £1bn extra tax from banks (LibDems.org.uk)

Reform the banks (LibDem Manifesto)

 
 
This promise has been archived.
We are no longer actively monitoring or updating this promise.

Have your say!

Newsletter

Sign up to receive weekly updates.

© 2016 TheyMadeaPromise.com
Created by Konstantin Yelin. Developed by Cambridge ICT.