Lloyds chief warns higher bank taxes could deter long-term investment
Lloyds Banking Group chief executive Charlie Nunn has cautioned the Treasury that heavier banking surcharges could restrict corporate lending and undermine private capital investment across Britain.
A large banker representing Lloyds crouches behind a much smaller, weary business owner holding a delicate model factory. A Treasury official presents a bank-surcharge notice. The banker appears simultaneously to protect the business and to use it as his own protection.
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