UK Chancellor Rachel Reeves could boost revenues by imposing a windfall tax on banks ...Middle East

UK Chancellor Rachel Reeves could boost revenues by imposing a windfall tax on commercial banks, targeting profits earned from taxpayer-funded deposits at the Bank of England.

The think tank also urged the BoE to halt active gilt sales, a step it says would save more than £10 billion annually and cut interest costs by £1.1 billion in 2029-30.

The UK government is considering many means to rais erevenue.

This article was written by Eamonn Sheridan at investinglive.com.

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