Bloomberg carry the report, gated. In brief:
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 Institute for Public Policy Research estimates such a levy would raise £32.3 billion over the current five-year parliament, giving Reeves £3.6 billion in extra fiscal headroom.
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.Hence then, the article about uk chancellor rachel reeves could boost revenues by imposing a windfall tax on banks was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( UK Chancellor Rachel Reeves could boost revenues by imposing a windfall tax on banks )
Also on site :
- Publisher Fully Drops Best-Selling Author and Longtime ‘Britain’s Got Talent’ Host Over Disturbing New Allegations
- Ogden residents push for safety changes at South Union Street and Stony Point Road intersection after 88-year-old woman killed in crash
- The $290 Million Role That Matt Damon Regrets Turning Down: ‘You Will Never Meet an Actor Who Turned Down More Money Than Me’