Greens senator hits out at Labor, saying it has joined forces with big banks and forced Coalition into capping 0.06% rate

Malcolm Turnbull has ruled out increasing the bank levy rate of 0.06% once it is legislated, meeting a key demand from the big banks.

The Greens senator Peter Whish-Wilson has criticised the decision, saying he holds Labor responsible for “playing politics” with the issue for two weeks and forcing Turnbull to rule out any increase in the levy.

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