Banking reforms: Tone-deaf that this government is hiking taxes for hard-working families whilst cutting them for banks
9 Dec 2022
EMBARGO: Immediate release
Responding to the Chancellor announcing new reforms to Britain's banking sector, Liberal Democrat Treasury spokesperson Sarah Olney said:
"It's completely tone-deaf that this government is hiking taxes for hard-working families, while slashing taxes and boosting bonuses for the banks.
"The truth is no economic growth ever comes from empty promises made by a Conservative Chancellor. All we've had from the chaos of recent months is the economy tanking, bills spiralling and then re-hashed statements like today.
"Our financial services need good and smart regulation, not more promises of slashing red tape, or a race to the bottom."
ENDS
Notes to Editor:
Summary of the reforms: