The Guardian · business

Why are we giving a £24bn-a-year subsidy to profitable commercial banks? | Letter

Gerald Holtham suggests that it time to cut the 3.75% that the Bank of England pays out on the lenders’ reserves There are increasing calls for a windfall tax on banks (Taxing the banks: what Europe’s windfall levies br…

If you want the whole piece, that’s at the paper. We only keep the nut graf.