UK launches inquiry into bank tax budget leak

Britain's Treasury investigates a pre-budget bank tax leak amid skepticism from lawmakers.

Britain's Treasury has launched an investigation to find who leaked details of a bank tax rise prior to the official budget announcement last month. Parliamentary committee leaders expressed skepticism that the inquiry will successfully identify the source of the leak.

• The reactionParliamentary committee chairwoman Dame Meg Hillier dismissed the probe as a dead-end inquiry.
• The backgroundDetails concerning the bank tax increase appeared in news reports before the finance minister presented the budget.