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flag Chancellor Reeves proposes bank tax to cut energy bills by £300 amid rising living costs.

flag Chancellor Rachel Reeves has urged the government to impose a tax on banks to fund a £300 reduction in energy bills for households, aiming to alleviate financial pressure amid rising living costs. flag The proposal, part of broader economic strategy discussions, seeks to redirect profits from the banking sector toward consumer relief. flag No specific implementation details or timeline have been released.

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