Overview
- SNP Westminster leader Stephen Flynn urged the Chancellor to impose a windfall tax on commercial banks to fund a one‑off £300 cut to household energy bills.
- The party says its scheme would cost about £8.15 billion, down from an earlier £11.4 billion estimate because top and additional rate taxpayers would be excluded.
- IPPR has proposed a levy inspired by a 1980s precedent that it estimates could raise roughly £8 billion annually.
- Flynn alleges Rachel Reeves has briefed that she will not pursue the bank levy, and outlets report the UK Government has been asked for comment with no formal response recorded.
- The SNP contrasts its plan with the previous £400 Energy Bills Support Scheme and links bill relief to its wider case for greater Scottish control of energy resources.