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The new UK government has moved with the French and German governments to impose a levy on large banks and building societies.
According to the BBC, British banks and building societies with assets of 20 billion pounds or more will pay a levy of 0.04% starting from 1 January 2011. The levy will increase to to 0.07% in 2012.
Posted 24th June 2010 by admin in Current AffairsTaking mixed metaphors to extremes, Choice have published a video on their analysis of financial institution competition using gorillas, monkeys, zoos and banana smoothies. Their conclusion? Don’t let banks treat consumers like monkeys.
Posted 13th December 2009 by David Jacobson in Current AffairsThe Credit Union Foundation Australia (CUFA) has set up a tax deductible Bushfire Relief Fund for people affected by the bushfires (ABC News). Funds collected will be provided to the Red Cross.
Posted 9th February 2009 by David Jacobson in Current Affairs