Taxing Bank Reserves: A Thatcher Playbook?

Is Labour eyeing Thatcher's tax tactics? A new proposal suggests taxing bank reserves held at the Bank of England could rake in £8 billion annually, echoing Thatcher's move in the 80s. With pressure mounting to stabilize public finances, this windfall tax on banking giants like Barclays and HSBC is sparking fierce debate, pitting fairness against competitiveness in the UK's financial landscape. Hosted on Acast. See acast.com/privacy for more information.