Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a yearRachel Reeves should levy a new bank tax and urge the Bank of England to halt bond sales to reduce the governments £22bn-a-year losses from quantitative easing, the IPPR thinktank has argued.In a report called Fixing the Leak, the IPPRs associate director for economic policy, Carsten Jung, says the Treasury should rein in the costs of QE as public finances are tight.