IMF urges pension and welfare savings over bank taxes

Summary

The International Monetary Fund has urged John Healey to seek savings from pensions and welfare rather than tax Britain’s banks in the budget later this month. The Guardian reports that Healey is planning to raise taxes on banks; supporters of the plan say banks were bailed out by taxpayers during the financial crisis and can afford to pay more.

Timeline

1. The Guardian

   16 Oct 2026, 15:33 UTCSource ↗

   The Guardian reports that the IMF urged John Healey to pursue savings on pensions and welfare instead of taxing banks, as he considers raising taxes on the sector in the budget.