Treasury select committee chairman says it is crucial 8% surcharge does not impede attempts to increase competition in the sector George Osborne has received a new warning approximately the potential impact of his new tax on banks amid concerns it will impede new entrants to the sector.
Andrew Tyrie,chairman of the Treasury select committee, raised the potential competition threat on the eve of a assembly between Treasury officials and representatives of the challenger banks, or such as Metro and Secure Trust,approximately the tax which was announced in July’s budget.
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Source: theguardian.com