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John Healey poised to raise taxes on banks in budget (www.theguardian.com)
submitted 12 hours ago by FrogCat@piefed.social to c/uk_politics@feddit.uk
4 comments fedilink

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?

EU fast-tracks merger of three European firms into one SpaceX rival. It wants to end reliance on US satellites that failed Ukraine this week by FrogCat in c/europe@feddit.org
[-] FrogCat@piefed.social 39 points 15 hours ago

If Europe doesn't build stuff like this then it will probably just become poorer and less relevant, while the US and China push forward and dominate the world with their technology.

Europe definitely has the talent for advanced technology. It's probably just a question of having the political will to create the right conditions.

French Far-Right Leader Marine Le Pen Threatens to Cut Support for Ukraine if Elected by FrogCat in c/europe@feddit.org
[-] FrogCat@piefed.social 14 points 1 day ago

I wouldn't be surprised if tankies cheer on Marine Le Pen for this policy alone.

“Secure and controllable”: China keeps Europe out of its critical systems on security grounds, while trying to expand across the continent. The EU should use Beijing's own risk assessment as a guide by FrogCat in c/europe@feddit.org
[-] FrogCat@piefed.social 1 points 1 day ago

In other news, it has been discovered that the Pope is Catholic.

US tech giants warn Europe that ditching US tech giants could cost €115B by FrogCat in c/europe@feddit.org

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