Banks expect to be hit in Budget tax raid

2026-10-15T22:16:32.756Z · framed 2026-10-15T22:53:07.323Z · 3 outlets covered

Chancellor John Healey is reportedly planning to increase taxes on the banking sector in the upcoming 28 October budget. Banking executives have indicated they anticipate these measures as the government seeks to address public finance challenges.

Coverage

BBC — Banks expect to be hit in Budget tax raid
BBC — Banks say Healey is planning Budget tax raid on their profits
The Guardian — John Healey poised to raise taxes on banks in budget