Unite: Bank levy is ‘pathetic’

Len McCluskey, Unite general secretary, reacted to the bank levy increase:

“Nobody will be convinced by this political gesturing. The effort to present this bank levy as a punishment for the banks is pathetic, the money returned to the Treasury is a pittance, while bonuses are chucked around like confetti.

“This levy does nothing to fundamentally reform banking in this country and effectively Osborne has been paid to go away. This is a shameful reflection of how lacking in muscle this government is prepared to be when it comes to holding the financial services sector to account.”