The budget is scheduled for release on October 28. The Financial Times described the projected move as a "bank tax raid," following reports from The Guardian that the Chancellor is preparing to implement the tax increases as part of the next fiscal package.
Tuesday, October 20, 2026
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Chancellor Healey Signals Bank Tax Raid in Oct 28 Budget
Global Markets5 days ago
Financial institutions in the UK will likely pay higher levies under a government strategy to increase revenue from the banking sector. Finance Minister Rachel Healey has indicated that current tax structures for banks will be revised to heighten their fiscal contributions to the state.
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