Big Bank Bosses on Alert as Tax Noise Gets Louder Under Burnham

UK Declines to Rule Out Higher Bank Tax at First Burnham Budget

Andy Burnham’s government declined to rule out increasing bank taxes in its upcoming budget, after large profits in the City have put pressure on the new administration to raise levies to fund measures that help voters.

Citibank CEO Says Bank Tax Hike Will Kill Investment

The chief executive of the US’ third largest bank has said UK bank tax rates are worrying. And that’s before Burnham gets his hands on them… Jane Fraser is CEO of Citi and Scottish herself. She said in London today that UK taxation of banks was harsher than New York, Paris, Frankfurt, and Dublin, and…

£60 tax return penalties from HMRC confirmed under Andy Burnham

Mr Burnham, the Makerfield MP, now oversees HMRC alongside Chancellor John Healey

Burnham must give us bank profits windfall tax to conquer cost-of-living crisis

Such a move could potentially raise £19billion and go a long way to funding Burnham’s cost-of-living agenda, writes Record View.

Big bank bosses on alert as tax noise gets louder under Burnham

Banks have delivered booming profits for the first half of the year. In this week’s column Samuel Norman takes a look at how the calls for a tax rise on the sector will get louder under the new Prime Minister. “The saxophones are getting louder” is the internet’s new saying to depict growing anxiety. If you walk into any bank headquarters currently, you may hear the beginnings of a woodwind crescendo that plays in films right before things hit t…

How Andy Burnham could raise huge amount with tax raid on banks and oil giants

HSBC and BP have become the latest industry giants to announce profit bonanzas, helped by the Middle East conflict, while ordinary households are left reeling by the financial fall-out. It has prompted new calls for the companies to pay more to offset the impact - but what are chances?