This is a chance for the new prime minister and chancellor to show whose side they’re on.” View image in fullscreen Campaigners have urged Andy Burnham to ‘break with his predecessors by resisting the demands of City lobbyists and reclaiming these lost billions with a windfall tax on bank profits’. Photograph: Jack Taylor/ReutersBurnham has not made any specific comments about a bank tax so far. That’s why it’s time to increase the tax on bank profits to cut bills.” View image in fullscreen George Osborne scaled back the bank levy when he was the chancellor.