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Since the levy would be fully funded (by extra taxation) there would be no additional borrowing to frighten the markets.
Supreme Creations, which claims to be the world's largest ethical packaging company, reports a 20% increase in sales of its reusable carrier bags since the levy was introduced in England.
Shops have been closed in some parts of India since the levy was announced in the federal budget on 16 March.
He said data from major supermarkets showed there had been an 80% reduction in plastic bag use since the levy was brought in.
As for the impact of plastic bags on litter, the latest figures suggest there has been a 20-fold decrease since the levy was introduced in 2002.
Since the levy was introduced in 2008, Alberta has collected fee revenues of $578 million, which it has put into a technology fund for initiatives that reduce emissions.
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That sum could off-set almost all the Big Five's contribution to the levy since the UK units of foreign banks will also be caught in the net.
Republicans said that since the additional levy on Social Security had been imposed in 1993 to help eliminate the budget deficit, it should be repealed now that the deficit has given way to a substantial surplus.
"This has always been a culture in Gaborone," says Bonni Dintwa, who's also from Yarona FM. "But since the alcohol levy, those who used to go to clubs come car park pimping.
One patient did stop taking her cholesterol tablets for a period due to the cost of the levy, however has since started to take them again – this was thought to be a response to the principle of the levy as opposed to the cost of it.
A company is a legal entity; if it is taxed, it must pass the levy onTax revenue from profits has declined since the economic crisis.
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