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Oral question asked in the House of Lords, by Lord Forsyth of Drumlean (Conservative). It was answered on Monday, 21 June 2010.

Economy: Eurozone

Question: My Lords, does my noble friend agree that we want to see growth in Europe and businesses growing, expanding and being given the opportunity to borrow money from the banks? Is it therefore a sensible time to think about taxing the banks and reducing their ability to make that money available?

Answer: My Lords, I think that we will probably come back to the question of bank levies tomorrow after my right honourable friend the Chancellor of the Exchequer’s Budget. He has made it completely clear that the UK supports bank levies. We will take unilateral action, but we want to seek international agreement to make sure that the bank levies are, as far as possible, introduced on a common basis.

Secondary information

Type: Oral question
Reference: 719 c1168
Session: 2010-12
Oral question type: Supplementary
Chamber / Committee: House of Lords chamber
Subjects: EU countries Economic situation Economic and monetary union
Link: View this Oral question on www.publications.parliament.uk