Don't mention the levy, the bankers are whispering. They might have got away with it.
By Alex Stevenson
Three weeks have passed since George Osborne's emergency Budget turned grim foreboding into bitter reality. The chancellor announced to an uneasy Commons his plans to slash departmental budgets by at least a quarter.
Now Whitehall is busy with 40% cutting contingency plans and the summer fever of a comprehensive spending review.
But while the rest of the nation reels at the sheer extent of the austerity agenda, the City's great financial institutions are quietly breathing a sigh of relief.
Bankers knew they had to pay a price for their misdemeanours - the sheer greed of the financial system was, after all, what got us into this mess in the first place.
"I think it's an outrage," Nick Clegg told politics.co.uk before the general election, "a complete economic and moral outrage the way the greed of the bankers of the City of London has basically held a gun to the head of the rest ofRead More »from The great bank levy escape?