Britain’s biggest banks lost more than £8billion in value today as rumours swirled that Chancellor Rachel Reeves is planning a tax raid on the sector. Leading economists have warned the UK could be lurching towards a 1970s-style debt crisis and even an IMF bailout. Shares across the FTSE 350 tumbled by up to 2.3% in early trading, with jittery … Continue reading Experts warn UK could be heading towards 1970s debt crisis under Labour as banks lose £8bn