A modest increase in bank taxes is not the end of the world for lenders | Nils Pratley
As long as Healey doesn’t go overboard, a small turn on surcharge dial will not seriously undermine flow of capitalEveryone is familiar with the banks’ plea: raising taxes on them amounts to taxing the nation’s growth. If you increase how much banks pay, goes the argument, less interest will be paid on deposits and loans will cost slightly more, meaning…
As long as Healey doesn’t go overboard, a small turn on surcharge dial will not seriously undermine flow of capitalEveryone is familiar with the banks’ plea: raising taxes on them amounts to taxing the nation’s growth. If you increase how much banks pay, goes the argument, less interest will be paid on deposits and loans will cost slightly more, meaning…
