John Healey Urged to Hike Taxes on Banks’ ‘Bumper Profits’ in Budget

John Healey urged to hike taxes on banks’ ‘bumper profits’ in Budget

The Chancellor is reportedly considering targeting banks to help offset the damage the Iran war has inflicted on the public finances.

John Healey poised to raise taxes on banks in budget

Chancellor to target sector in his first budget to help offset damage caused by Iran war on public finances John Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands. The…

Healey warned bank taxes will stifle growth as he faces competing Budget demands

Chancellor John Healey is facing competing demands to raise billions in extra taxes – including on banks – and to cut business costs as he prepares to deliver the first Budget of Andy Burnham’s Government. The Institute for Public Policy Research (IPPR) has urged Mr Healey to raise an extra [...] The post Healey warned bank taxes will stifle growth as he faces competing Budget demands first appeared on Rother Radio.

Financial chiefs warn Healey ‘banks will take their money elsewhere’ - London Business News

City leaders warn that higher bank taxes could lead to capital fleeing Britain and negatively impact economic growth.