1.135 The Government will ensure banks continue to make a fair contribution reflecting the risks they pose to the financial system and the wider economy. As set out in Budget 2011, the Government intends that the Bank Levy should raise at least £2½ billion each year, more than the net revenue from the one-off Bank Payroll Tax. To offset the forecast shortfall in receipts for 2011 and future years, the rate of the Bank Levy will increase to 0.088 per cent from 1 January 2012.