Published Oct 28, 2026, 6:45 AM ET · Updated 16 days ago · 1 source

Healey’s Bank Tax Hike Set to Be Less Severe Than Lenders Feared

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Healey’s Bank Tax Hike Set to Be Less Severe Than Lenders Feared

The UK is set to hike bank taxes less steeply than feared, as Chancellor of the Exchequer John Healey seeks to balance the competitiveness of the City with the need to raise funds for voter giveaways in his first budget.