UK Chancellor raises bank tax to 8%, generating £2 billion annually
Chancellor John Healey is set to raise taxes on British banks in his October 28 budget, the Guardian reports. The government is considering reversing Jeremy Hunt's cuts to the bank surcharge, potentially raising it from 3% to 8% and generating over £2 billion annually.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 16 Oct 2026, 06:23 UTC · Updated 16 Oct 2026, 06:31 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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