Banks in the UK could be caught twice by measures chancellor George Osborne outlined in his Autumn Statement last week. Banks that are growing will fail to benefit from the cut in corporation tax cut in 2014 and will also be hit by the increased bank levy on balance sheets, which comes in next month.

Osborne told Parliament: "We will not pass the benefit of this reduced [corporation tax] rate on to banks and to ensure that we meet our revenue commitments, the bank levy rate will be increased to 0.13% next year."