Chancellor Healey raises bank taxes £2 billion to fund Middle East war
Chancellor John Healey plans to raise taxes on Britain's banks in his October 28 budget to offset Middle East war damage to public finances. Reversing former Chancellor Jeremy Hunt's cuts to the bank surcharge could generate over £2 billion annually.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 15 Oct 2026, 16:00 UTC · Updated 15 Oct 2026, 16:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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