Big bank bosses on alert as tax noise gets louder under BurnhamBanks have delivered booming profits for the first half of the year. Banking was a sector Reeves was keen to keep on side, so much so she handed the IPPR, a leftwing think tank, a dressing down for publishing a report on taxing the sector. Activists at Positive Money have suggested a windfall tax could raise £19bn from the big four alone. Meanwhile, mother of the House of Commons Dianne Abbott called for a tax hike after Barclays deepened its bonus pool. Perhaps a bank tax could do Burnham one favour: if Dimon pulls the project the PM won’t be forced to defend granting special treatment to the US giant.