BANKS COULD FACE A MAJOR NEW TAX HIT IN THE NEXT BUDGET — BUT WARNINGS SUGGEST THE COSTS MAY NOT STOP AT THE BANKS THEMSELVES! Proposals to increase taxes on banks are drawing concern over how the financial sector might respond, particularly when businesses and homeowners are already sensitive to borrowing costs. Critics fear lenders could pass on some of the additional expense through higher charges or mortgage rates, although those consequences are far from certain. The debate now centres on a difficult question: how much extra revenue could the Treasury raise, and who would ultimately bear the cost?

Uncategorized · 16/10/2026 · comments off
John Healey is set to clobber banks with higher taxes – despite hailing them as a ‘jewel in the crown of the British economy’. Industry figures fear he will hike… Read more