Tories let the banks clean up

In MARCH 2010  
 PRDave announced the Tories would impose a new tax on banks to ensure taxpayers are repaid in full for the bail-out of financial institutions. He said  ” I can announce today that a Conservative government will introduce a new bank levy to pay back taxpayers for the support they gave and to protect them in the future."

In OCTOBER 2010 
George Osbourne said "We will not allow money to flow unimpeded out of those banks into huge bonuses, if that means money is not flowing out in credit to the small businesses who did nothing to cause this crash and suffered most in it."

In FEBRUARY 2011

• Banks’ profits of £24 billion from four banking giants - HSBC, Barclays, Lloyds and Standard Chartered

• Barclays pays only £113 million in corporation tax to the Government on profits of over £5 billion, equal to 4,5% rather than the 28% standard rate of tax on profits

• Barclays pays  £3.7bn in cash bonuses  and awards to staff,

• Barclays chief Bob Diamond, who recently told a Treasury Select Committee the period for "remorse and apology" for banks needed to be over, is expected to be awarded a bonus of more than £9 million.

• Total UK bank bonuses expected to hit £7bn

• George Osborne announces a bank tax that would raise £2.5m for the Treasury this year,

• Charities including Oxfam, Save the Children and Greenpeace launch a campaign calling for a 0.05 per cent tax on international bankers' transactions that could raise up to £250 billion a year to fight poverty, protect public services and tackle climate change.

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