economy
Santander chief Ana Botín: UK bank taxes make ‘no economic sense’
Boss of EU’s biggest bank criticises policy of singling out sector for extra levies
TL;DR
- Santander's CEO, Ana Botín, has criticized the UK's policy on banking taxes.
- She believes that singling out the banking sector for extra levies is economically unsound.
- The criticism suggests a potential negative impact on the financial industry due to these taxes.