Downing Street Says » Bank Levy

» Tuesday, February 8, 2011

Bank Levy

Asked when did the Prime Minister learn about the Bank Levy announcement, the Prime Minister’s Spokesman (PMS) said it was normal practise for the Prime Minister to be told about tax changes before they were made. The Treasury had been explaining why they had made their announcement today. They had made that announcement and it reflects the resilience of the banking sector.

Asked if he was content if the banks felt they had been dealt with in bad faith, the PMS replied it was a market sensitive announcement. It was not routine to discuss such announcements with external organisations.

Asked if the Prime Minister had spoken to any bankers today, the PMS replied that he didn’t think so.

Asked if it came out of the blue, the PMS replied it was for the Treasury to make tax policy in the way they saw fit. It was market sensitive information and it wouldn’t be right to share that with certain people before that announcement.

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