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Comment on today's Emergency Budget Moneysupermarket.com

1. Bank levy and student debt book

Commenting on measures outlined in today's Budget, Kevin Mountford, head of banking at moneysupermarket.com, said: "George Osborne has today delivered a tough Budget, as was widely expected. The impact of the introduction of a bank levy has been hotly discussed in recent weeks and with the Government electing to introduce a levy from 2011, expected to generate in excess of £2billion in revenue, the danger is that overseas players will decide the UK is not so attractive a place to do business.  We also fear that any costs incurred by the industry will be passed on to customers in some form or another. 

"We also have concerns over the selling of the student debt book - whilst the safe management of this book is clearly not a priority for the Government, we could see some unscrupulous debt chasers emerge from the shadows so we hope the forthcoming Consumer Protection and Markets Authority (CPMA) will be watching closely."

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