It would be financial suicide to levy a £30 billion windfall tax on banks

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On Wednesday morning, whilst listening to the Lib Dem’s Treasury Spokesperson, Daisy Cooper talking to BBC’S Amol Rajan, I cut myself shaving, as a result of her preposterous suggestion that a £30 billion windfall tax spread over six years should be levied on the UK banking sector in the forthcoming Budget on 26th November.

I thought I was about to experience cardiac arrest in response to such a ludicrous and ill-thought suggestion. Whatever possessed her, Sir Ed Davey and the Lib-Dems to come up with such a nonsensical and ill-thought out suggestion that could all but e