Ruscombe Green: Call for windfall tax on banks

...At the Green party conference Caroline Lucas criticised the huge profits announced by UK banks - a stonking £25 billion. A windfall tax would restore public spending and help minimise the damage done by the cuts regime to public services, the economy and society as a whole. At a time of austerity, it is just not right that banks such as Lloyds TSB, part owned by the tax payer, are recording such huge profits. At the conference it was noted that there would be wide public support for a measure requiring the banks to pay a windfall tax on bank profits of 50%

Ruscombe Green: Call for windfall tax on banks