Greens propose 38% windfall tax on big banks to fund £10,500 National Insurance cut for SMEs

The Green Party has proposed a 38% windfall tax on the UK profits of the country’s biggest banks, arguing that the proceeds should be used to reduce National Insurance bills for small and medium-sized enterprises. The measure, announced by Green Party leader Zack Polanski, would apply to profits above £800m and is estimated by the campaign group Positive Money to raise £19bn a year. The Greens say…