Bank battle: history suggests Burnham faces fight if he opts for windfall tax on profiteering banks. IPPR pointed to the 4% interest that commercial lenders earn from reserves held at the Bank of England, at a £22bn-a-year loss to the public finances. www.theguardian.com/business/202...
Bank battle: history suggests Burnham faces fight if he opts for windfall tax
As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households
theguardian.com