DistantNews
Support us

Swedish Social Democrats

Sweden🇸🇪Economy & Trade

One story, 1 country, 2 papers

Sweden’s Social Democrats propose a temporary tax on large banks’ excess profits, arguing it could reduce mortgage costs, but economic policy spokesman Mikael Damberg says it would not feature in the party’s first budget. Critics within the broader left say Magdalena Andersson must offer voters more than warnings about a possible Tidö government, while the Left Party demands a government in which it participates.

🇸🇪 Sweden/Swedish

Confusion surrounds Social Democrats’ proposal for a new bank tax

The Social Democrats’ proposed bank tax is gaining momentum in Sweden’s election debate, but even the state-owned bank expected to play a central role does not know whether it would be covered. The party says the measure would be a temporary tax on large banks’ excess profits, not on ordinary households. Its stated goal is to pressure banks to reduce borrowers’ interest costs. Social Democratic le…