Healey Plans to Raise UK Taxes on Banks to Fund Cost-of-Living Support
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UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges.
Senior banking executives have told the BBC they expect to be 'on the menu' in the chancellor's Budget tax later this month.
John HealeyUK
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“UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges.”
Bloomberg — Healey Plans to Raise UK Taxes on Banks at Budget This Month“Senior banking executives have told the BBC they expect to be "on the menu" in the chancellor's Budget tax later this month.”
bbc — Banks say Healey is planning Budget tax raid on their profits