When Our Turn Comes We Will Make No Excuse

labourpress:

John McDonnell MP, Labour’s Shadow Chancellor, responding to the reports today by the Evening Standard that George Osborne cut the Bank Levy following pressure from leading UK banks who have also been recently revealed to be paying no corporation tax, said:

“This is yet another example of how George Osborne dances to the tune of whatever the bankers call for, and everyone else is a second thought.”

“The Chancellor has an ever softer touch on the banks; cutting the Bank Levy, slashing corporation tax, selling the publicly owned banks off at a loss, watering down the regulations on senior bankers, and staying silent when the watchdog he set up watered down its review into the sector.

“Customers and taxpayers who bailed out the banks and continue to pay the price for their past actions and excesses will see this as yet more proof that George Osborne is simply on the side of those who run the banks and not those who rely on them.

(via labourpress)