Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to implementing a windfall tax on the excess profits of UK banks.

Banks already face an additional rate of tax on their profits in the form of the Bank Corporation Tax Surcharge – meaning they pay 3 percentage points more on their profits (28%) than most other businesses (25%). This is in addition to a charge on the largest banks’ balance sheets in the form of the Bank Levy.