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The Liberal Democrats propose a temporary bank windfall tax to fund low-cost loans for energy efficiency upgrades.
The Liberal Democrats propose a time-limited windfall tax on major banks to fund an energy security bank, aiming to provide up to £10 billion in low-cost loans for homeowners and small businesses to improve energy efficiency.
Daisy Cooper, the party’s deputy leader, argues banks profited unexpectedly from prolonged high interest rates and quantitative easing, with gains estimated at £7 billion annually, which should be redirected to support affordable home upgrades like insulation and solar panels.
The loans, backed by a £2 billion government guarantee, would eventually repay the scheme’s costs.
The plan was announced at the party’s Bournemouth conference, where leader Sir Ed Davey also criticized Elon Musk, calling him a “criminal” and urging an Ofcom investigation into X for potential violations of the Online Safety Act.
Los Demócratas Liberales proponen un impuesto temporal sobre las ganancias inesperadas de los bancos para financiar préstamos de bajo costo para mejoras de eficiencia energética.