Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

Aug 29, 2025 - 00:04
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Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

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