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

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.See omnystudio.com/listener for privacy information.