Unite: Bank levy is 'pathetic'

Tuesday, 8 February 2011 12:00 AM

Len McCluskey, Unite general secretary, reacted to the bank levy increase:

"Nobody will be convinced by this political gesturing. The effort to present this bank levy as a punishment for the banks is pathetic, the money returned to the Treasury is a pittance, while bonuses are chucked around like confetti.

"This levy does nothing to fundamentally reform banking in this country and effectively Osborne has been paid to go away. This is a shameful reflection of how lacking in muscle this government is prepared to be when it comes to holding the financial services sector to account."

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