SHOCKING: Treasury should tax big banks on quantitative easing windfalls argues thinktank - You Need To See This

Rachel Reeves should levy a new bank tax and urge the Bank of England to halt bond sales to reduce the government’s £22bn-a-year losses from quantitative easing, the IPPR thinktank has argued.

In a report called Fixing the Leak, the IPPR’s associate director for economic policy, Carsten Jung, says the Treasury should rein in the costs of QE as public finances are tight.