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The Independent UK
The Independent UK
Craig Paton

Tax the banks to offer £300 energy bill cuts, Reeves urged

The Chancellor will lay out her Budget next week (Leon Neal/PA) - (PA Wire)

The Chancellor has been urged to levy a windfall tax on commercial banks to fund a £300 cut to energy bills.

SNP Westminster leader Stephen Flynn has pushed for Rachel Reeves to follow plans proposed by the IPPR think tank – based on a similar tax from Margaret Thatcher in the 1980s – which said such a levy would raise around £8 billion annually.

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