Divisions may weaken banks’ lobbying against a UK tax rise

Summary

A looming UK tax rise is putting bankers on edge, and divisions among large lenders may have hampered the financial sector’s lobbying campaign ahead of the Budget, the Financial Times reports. This follows earlier reports that banking executives expect higher taxes in the chancellor’s Budget later this month.

Timeline

1. Financial Times

   16 Oct 2026, 16:14 UTCSource ↗

   The Financial Times reports that a looming UK tax rise is putting bankers on edge and that divisions between large lenders may have hampered the financial sector’s lobbying campaign ahead of the Budget.