City warns of exodus if bank taxes rise
City officials warn that increasing bank taxes could lead to a loss of talent, business and capital in Britain. The warning comes as Labour considers tax changes.
Why it matters
The warning applies to financial institutions and their operations in Britain, with no specific conditions mentioned.
Warning from City officials
City officials have raised concerns that higher bank taxes could result in a significant exodus of talent, business and capital from Britain.
Common questions
What is the concern about increasing bank taxes?
City officials warn that increasing bank taxes could lead to a loss of talent, business and capital in Britain.
Sources
- Bank tax raid could spark exodus, City warns Healey This is Money · thisismoney.co.uk
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