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Banks brace for higher taxes in upcoming Budget

By ChordNews · First written (updated )

Banks expect to be hit with higher taxes in Budget
Image: bbc.co.uk
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Summary

Senior banking executives expect banks to face higher taxes in the chancellor’s Budget later this month, according to the BBC. The Financial Times reports that Healey pointed to looming decisions as the financial services sector braces for higher levies. The Financial Times earlier reported that Badenoch sounded the alarm over a potential Budget tax raid on banks.

Later: G7 plans simulated AI attacks on banksDivisions may weaken banks’ lobbying against a UK tax rise

Timeline

  1. Financial Times

    Source ↗

    The Financial Times reports that Badenoch sounded the alarm over a potential Budget tax raid on banks.

  2. Financial Times

    Source ↗

    The Financial Times reports that Healey pointed to looming decisions as the financial services sector braces for higher levies.

  3. BBC

    Source ↗

    The BBC reports that senior banking executives expect banks to be hit with higher taxes in the chancellor’s Budget later this month.

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