RE: Why the drop?29 Aug 2025 08:32
LONDON, Aug 29 (Reuters) - Britain's government should tax banks on the billions of pounds they receive in interest from the Bank of England on the reserves they hold at the central bank, a think tank recommended on Friday.
Around 22 billion pounds ($29.7 billion) a year, which goes to the banks as a result of the BoE's bond-buying programme, represents a subsidy to the lenders at the expense of public services, the Institute for Public Policy Research said.