Greens Announce Windfall Tax on the Profits of Big Banks to Help More than a Million Small and Medium Businesses - Green Party

Banks could be hit with 38% windfall tax under Green Party's plan to end 'rip-off Britain'

Banks could be hit with 38% windfall tax under Green Party's plan to end 'rip-off Britain' . The Green Party is pushing for a 38 per cent windfall tax on the domestic profits of Britain's largest banks, targeting earnings above £800million in what leader Zack Polanski describes as a bid to end "rip-off Britain"

Greens announce windfall tax on the profits of big banks to help more than a million small and medium businesses - Green Party

In a drive to end rip-off Britain, the Green Party has announced it would levy a 38% windfall tax on domestic profits above £800m for the UK’s biggest banks, to raise at least £19 billion for small businesses.  This money would be used to double the Employment Allowance for SMEs, taking up to £10,500 off their National Insurance bills and giving a lifeline to struggling small and medium-sized businesses. The UK’s biggest banks are regularly maki…