Midday Markets: The one tax you could bank on

The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon, chews over the government s plans for a windfall tax on banks. Sign up to the City AM News Updates newsletter here. It was, in the immortal, viral words of former Manchester United footballer Gary Neville, “the banker”. It was “the no-brainer the one that couldn’t fail, the one that’s never failed”. The England right-back was talking about his former club’s 2016 decision to appoint Jose Mourinho as head coach. The Portuguese firebrand would, top brass had hoped, put right a years-long spell of underperformance and vanquish the ghost of their totemic manager, Sir Alex Ferguson, once and for all. In the end, though, it wasn’t to be, and after just two and a half years in charge with no league titles to show for it Mourinho was given his marching orders. But Neville’s remarks could with a bit of