Lib Dems call for Biden-style tax on share buybacks at spring conference

The video discusses the rise of share buyback programs among major firms, highlighting their impact on the economy and potential for alternative investments, such as the green transition. It presents perspectives from political and business leaders, including President Joe Biden's policy in the US. The Liberal Democrats propose a 4% tax on share buybacks to encourage real investment and support public services, aiming to generate £2 billion annually. The video concludes with a call for bold action to boost green investment and counter economic stagnation.

What is the total amount of share buybacks from the 100 biggest firms on the Stock Exchange in the last two years?

What alternative use of the money spent on share buybacks is suggested in the text?

How does President Joe Biden's approach to share buybacks compare to that of the Liberal Democrats?

What percentage tax on share buybacks do the Liberal Democrats propose?

What is the purpose of the proposed tax on share buybacks according to the text?