The City View: Michael Hewson on why calls for a windfall tax are misplaced

The City View - City AM's Daily Podcast

Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China's zero-Covid policy has had on manufacturing in the country.

And in other news -- there's been a mixed response from investors to break up HSBC, a fat-finger error from a Citibank trader last week almost triggered a flash crash, and Europe continues to deliberate over whether to ban Russian oil and gas.

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