Thatcher-style tax on bank windfalls could raise billions for public services, says IPPR

Friday, 29 August 2025 00:01

Bank of England quantitative easing losses are costing taxpayers £22 billion every year  Commercial banks' share prices have doubled since the inflation crisis – fuelled by taxpayer-funded windfalls  IPPR proposes a Thatcher-style tax on bank profits to raise up to £8 billion a year  The Treasury should bring in a new tax on commercial banks to address the unintended consequences of quantitative easing (QE), says...Request free trial