Chancellor 'could hit banks' in her next tax grab

RACHEL Reeves could target banks to help plug the spending holes left by Labour’s recent U-turns, analysts say. A series of policy switches eroded the Chancellor’s already wafer-thin £9.9bn fiscal headroom.

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Positive Money researchers said a bank levy, in line with the Government's energy profits tax, would cover Labour’s welfare U-turn and raise up to £11.3bn, It said net income from domestic retai