A great illustration that pretty much any question where somebody has a simple answer - the correct answer is, yes, but it is a bit more complicated than that...
The banks say they’re overtaxed. The TUC says they’re undertaxed. We did the sums across nine countries, and we're going to annoy *everyone*. The UK isn’t a high-tax outlier. There *is* a case for increasing bank tax. But it comes with risks - and could hit households. 🧵: