§ Mr. Rentonasked the Chancellor of the Exchequer whether, if interest rates remain high, he proposes to impose a further windfall tax on bank profits.
§ Sir Geoffrey Howe[pursuant to his reply, 18 November 1981]: The subject of windfall taxes on bank profits was extensively discussed in the debates on this 256W year's Finance Bill. I have nothing to add to what was said by my right hon. and learned Friend the then Chief Secretary and my right hon. Friend the former Financial Secretary during those debates.