John Healey poised to raise taxes on banks in budget (www.theguardian.com)

submitted 22 hours ago by FrogCat@piefed.social to c/uk_politics@feddit.uk

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Apparently the Chancellor wants to reverse a cut to a surcharge that banks pay on their profits, on top of normal corporation tax. The surcharge was 8%, then Jeremy Hunt cut it to 3%, so Healey apparently might set it back to 8%.

[Healey is] believed to be minded to increase the surcharge banks pay on their profits, over and above corporation tax. Industry figures believe that will probably mean raising the surcharge back to 8%, from 3% at present.

Thoughts?

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[-] mlcgdrhu@sopuli.xyz 1 points 19 hours ago

Thoughts? You want some deep analysis beyond "good"?

this post was submitted on 16 Oct 2026

14 points (100.0% liked)

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