Greens call for windfall tax on big banks profits to support small business

Image for article Greens call for windfall tax on big banks profits to support small business
News Source : BBC News

News Summary

  • Green Party leader Zack Polanski calls for a 38% windfall tax on big banks.
  • Tax would be applied to UK profits of more than £800m and be used to cut tax bills for a million smaller companies.
  • Polanski has previously claimed banks are ripping off customers and suggested they should pay "a bit more tax" A Labour Party spokesperson said the government was already working on a renaissance for Britain's high streets.
  • "Backing small businesses right across the country is a key part of that and, while others talk, that's what Labour is already doing," they said.
The Green Party of England and Wales is calling for a 38% windfall tax on the profits of big banks to support small and mediumsized businesses.

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