Treasury should tax big banks on quantitative easing windfalls, argues thinktank

Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year Rachel Reeves should levy a new bank tax and urge the Bank of England to halt bond sales to reduce the government’s £22bn-a-year losses from quantitative easing, the IPPR thinktank has argued. In a report called Fixing the Leak, the IPPR’s associate director for economic policy, Carsten Jung, says the Treasury should rein in the costs of QE as public finances are tight. Continue reading...