Commenting on France and Germanys call for an international bank levy, Mark Littlewood, IEA Director General said:
Britain needs to decide whether we want an economic recovery or not. If we do then we need to realise that it will only happen if we value the finance that supports private sector growth.
The call from France and Germany to introduce an international levy on banks is hardly a positive step in trying to rebuild Europes fragile economies. There has been support for this idea from all parties, with the Conservatives even going so far as to suggest that Britain should lead on it, but the cost of the tax to Britain will be far higher than the benefit.
Weve seen our politicians intervening to try and stimulate a recove