@NEF

New Economics Foundation | Change the rules. Share the wealth. Protect the planet.

 London, UK
neweconomics.org
Joined October 2009
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NEF@NEF19 Nov 2024
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HSBC made £900 every SECOND over the last three months. The case for taxing these bumper profits to support people with the cost of living crisis is overwhelming. Great to see our analysis featured in @DailyMirror 👇 mirror.co.uk/money/hsbc-bank…

HSBC profits fuel calls for windfall tax on banks after making £900 a second

Banking chiefs have launched a last ditch effort to persuade Chancellor John Healey to ditch a tax hike on lenders in the Budget

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"The chancellor should go further by clawing back the stealth subsidy, and use this to fund inflation-busting investment and keep the essentials of life affordable for ordinary people.”
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Read our full analysis here: neweconomics.org/2026/10/int…

Interest overdue: Why the time is right for a tax on banks

The government are rumored to be raising taxes on banks in the budget - here's why they should go further

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NEW: While banks are making over a BILLION POUNDS A WEEK - the rumored budget budget bank tax would raise just £1.8bn a year from them. The chancellor is right to tax the banks - but should he go even further?🧵
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In this context, the rumoured tax change (the restoration of the bank surcharge to 8%) is insufficient to reclaim the losses that have benefited commerical banks at the taxpayers expense.
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Clearly bold bank taxes are needed. But we also think the chancellor should go further and stop this stealth subsidy at the root. Find out more in our latest analysis blog: neweconomics.org/2026/10/int…

Interest overdue: Why the time is right for a tax on banks

The government are rumored to be raising taxes on banks in the budget - here's why they should go further

neweconomics.org
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NEW: nearly 70% of young people out of work or education have no access to discounted bus travel. If this government wants to support young people into work and training, it must ensure they can actually afford to get there. Our research in @DailyMirror shorturl.at/AzgBq

Unemployed young face being 'stranded' if benefits cut without transport help

EXCLUSIVE: Some 70% of young people not in education, employment or training (Neets) have no access to any discounted bus schemes, according to shocking research by the New Economics Foundation

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Where services are lacking, it should invest in better bus provision too. Affordable fares mean little if there’s no bus to catch.
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Read our full analysis and recommendations on how to stop expensive buses leaving young people stranded 👇 neweconomics.org/2026/10/exp…

Expensive buses are leaving young people stranded

Upcoming changes to government Neet policy must address the cost of getting to work

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