Bank Tax Bombshell: UK Stocks Plunge

UK bank stocks plummeted after a proposed QE reserves income levy surfaced, threatening to claw back profits to cover the Bank of England's 22 billion pound quantitative easing losses. While the IPPR think tank argues it's a fair offset, analysts fear stifled lending and economic slowdown, despite banks forecasting near-record profits. Is it a justified payback or a risky move that could backfire? Hosted on Acast. See acast.com/privacy for more information.