McGrath raises possibility of ending €150m levy on banks 

Consultation includes options for the levy, introduced nine years ago, to be 'extended, reformulated, broadened, or abolished'

A consultation launched by the Department of Finance will examine bank levy options. Picture: Laura Hutton

Finance Minister Michael McGrath has raised the possibility that the bank levy, which is supposed to raise €150m a year, will be abolished.      

That is one of the questions posed as part of a consultation launched by the Department of Finance that includes the possibility that the levy, first brought in nine years ago to help the State's coffers following the financial crash, "should be extended, reformulated, broadened, or abolished".