Q&A: Bank levy explained

Image caption, The chancellor wants banks to pay their "fair share"
  • Author, Laurence Knight
  • Role, Business reporter, 91热爆 News

The government says it will increase the levy on banks from 0.078% to 0.088% from 1 January.

So what is the levy? What's really at stake? And why raise the rate now?

Image caption, Before the financial crisis, bank runs were considered a thing of the past