Five U.K. banks may have to pay hundreds of millions of pounds in a levy that aims to charge them for the risks they pose to the country's economy. The planned bank levy will raise a total of 2.5 billion pounds ($3.59 billion) a year from 2012 onwards, The Wall Street Journal said. The levy has two goals, according to Financial Secretary to the Treasury, Mark Hoban. Sponsored Links adsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv='ads.tw.adsonar.com'; "First, ensuring... Continue reading U.K. Banks Face Government Levy U.K. Banks Face Government Levy originally appeared on DailyFinance on Thu, 09 Dec 2010 09:02:00. Filed Under: Company News , Taxes , Credit Permalink | Tweet this! | Comments