You Ask Us: Why won't Keir Starmer undo the two-child cap - and can we fix rip-off banks?
Daily Politics from the New Statesman
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The Threat of a Windfall Tax on Banks
A windfall tax on fossil fuel companies is a case in which, so I'll go from defending banks to defending fossil fuel companies. Fossil fuel companies couldn't really help making those extra profits because they sell a globally traded commodity. So that's what caused them to make those excess profits. And so there is a very clear rationale for windfalls tax on those. This is more market led and possibly a little bit harder to justify but again, the threat of looking at it might be enough to have people sort of move the numbers a bit.
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