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City chiefs warn Healey bank tax hike could drive businesses out of UK

Industry leaders say banks already face a 3% surcharge and levy, warning higher taxes could push business and investment abroad.

Summary by City AM
Top finance industry chiefs have warned the Chancellor that hiking taxes on the banking sector in the forthcoming Budget could drive businesses and capital out of the UK. Bosses of the City’s biggest industry bodies – including UK Finance, TheCityUK and the CBI – have written to John Healey calling for him to avoid raising [...]

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  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

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City AM broke the news in London, United Kingdom on Friday, October 9, 2026.
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