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flag The Liberal Democrats propose a temporary bank windfall tax to fund low-cost loans for energy efficiency upgrades.

flag 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. flag 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. flag The loans, backed by a £2 billion government guarantee, would eventually repay the scheme’s costs. flag 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.

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