Why are we giving a £24bn-a-year subsidy to profitable commercial banks? | Letter
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Gerald Holtham suggests that it time to cut the 3.75% that the Bank of England pays out on the lenders’ reservesThere are increasing calls for a windfall tax on banks (Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move, 2 September). Such a tax is unnecessary…
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