Call for tax on big banks

THE big banks should be taxed to raise cash that will help people to make their homes more energy efficient, the Lib Dems have said.

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Daisy Cooper, the party's Treasury spokeswoman and deputy leader, called for a time-limited windfall tax on unexpected profits the banks made from the quantitative easing programme which followed the global economic crisis of the late 2000s.

The average of £7 billion a year raised from this levy by the end of the decade would be partly ploughed back into a scheme to help homeowners make their properties more efficient and bring down their energy bills “permanently”, Ms Cooper said.