Good to see @hmtreasury is looking seriously at how to implement my proposed #windfalltax on excessive profits online giants have reaped during Covid while so many other sectors have been devastated by enforced lockdowns.
.@bankofengland is right that our strong vaccine rollout is essential for our economic recovery. And we will undoubtedly have a big bounce as things reopen. But let’s remember that is from the very low position of being 10% down. #economy
bbc.co.uk/news/business-…
This initial bounceback will be driven by those who have been lucky enough to maintain or grow their incomes during Covid as they splash out with their excess savings and make up for lost time. #bankofengland#economy#thread