0:00
We have called instead for a windful tax
0:02
uh on the big banks. Now I've spoken to
0:04
the big banks about this. I've spoken to
0:06
people uh in the city and what they say
0:08
to me is that they don't like the idea
0:10
of the tax, but they do like the way in
0:11
which we want to spend it. So what we've
0:13
said is that of all the money that that
0:15
could raise, 30 billion over the next 5
0:17
years, we would use just under half of
0:19
it for two or three different things.
0:21
The first is to try and reduce people's
0:23
energy bills um because you know we know
0:26
that households are really struggling
0:27
with that right now. Um the second is to
0:29
give a VAT cut for hospitality because
0:32
we think it's really important. That
0:33
would be a progrowth measure that would
0:35
save jobs on the high street in
0:36
communities up and down the country. I
0:38
think that's really important. And the
0:40
third initiative which I announced at
0:41
our conference was the creation of an
0:43
energy security bank which would be
0:45
working handinhand with the banks high
0:47
street banks in this country to roll out
0:50
um affordable lowinterest loans for
0:52
households and small businesses to take
0:54
energy security measures um to improve
0:57
their energy security at paper.
