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British Government Raises Taxes to Big Banks and Lowers Gas Bill to Households

Summary by Eldiario.es
Andy Burnham's executive announces a modest "breath" to households in its first budget with the elimination of the fixed gas charge and the increase of a fee for financial institutions with the most profitsThe British government reauthorizes gas drilling in the North Sea for the "global instability" caused by the Iran War With the limited margin in British public accounts, Andy Burnham's government has used its first budget on Wednesday to offer…

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The British government has presented on Wednesday budgets that it has described as focusing on alleviating economic pressure on millions of households through energy-paying aid, a rise in the minimum wage and new measures to reduce day-to-day spending, in a context of weak growth, persistent inflation and rising public debt. Economy Minister John Healey has announced to the House of Commons a temporary increase in banking taxes to finance part o…

·Madrid, Spain
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Lean Left

Andy Burnham's executive announces a modest "breath" to households in its first budget with the elimination of the fixed gas charge and the increase of a fee for financial institutions with the most profitsThe British government reauthorizes gas drilling in the North Sea for the "global instability" caused by the Iran War With the limited margin in British public accounts, Andy Burnham's government has used its first budget on Wednesday to offer…

·Madrid, Spain
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larissanet.grlarissanet.gr

A 6% tax is expected to be imposed on banks from January 2027 to address energy precisionMore...

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The increase in the extraordinary tax on banks was announced on Wednesday (28/10) by the Labor government led by Prime Minister Andy Burnham during the presentation of its first budget, in order to finance targeted aid to households, mainly to address energy bills.

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The Labor government led by Prime Minister Andy Burnham announced today, Wednesday 28/10, during the presentation of its first budget, the increase in extraordinary taxation on banks in order to finance…More...

·Greece
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Eldiario.es broke the news in Madrid, Spain on Wednesday, October 28, 2026.
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