Zack Polanski, representing the Green Party, has formally called for the implementation of a windfall tax targeting the largest banking institutions. Under the proposal, any profits generated by banks above the £800 million threshold would be subject to this additional levy. The party argues that this fiscal measure is necessary to provide financial relief to smaller enterprises, suggesting that the revenue should be directly utilized to lower tax bills for roughly one million small businesses across the country.

The proposal frames the tax as a mechanism for economic redistribution, shifting the burden from high-earning financial corporations to smaller, local employers. While the Green Party presents this as a strategy to stimulate growth among smaller firms, the plan has not yet been met with a formal response from the banking sector or government officials. The specific mechanics of how the tax would be calculated or how the relief would be distributed to small businesses remain to be detailed in future policy papers. As it stands, the proposal serves as a policy recommendation intended to address the disparity between the record-breaking profits of major banks and the financial pressures faced by smaller commercial entities in the current economic climate.