The claim
The big banks, since 2016, have had tax cuts worth about £4.3 billion a year
Rating
The Liberal Democrats’ own calculation shows that the tax cuts Sir Ed was speaking about are worth around £3.8 billion a year at the moment. They will only reach £4.3 billion in the year ending March 2029.
Reviewed by PA Media ↗ ·
Original fact check ↗Sources and attribution
- [original] PA Media original review
Original review · Retrieved October 17, 2026