Mark Kleinman: Healey unlikely to resist clamour for bank windfall tax Business Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. The sense of déjà vu among Britain’s bank chiefs is palpable. Eight weeks ahead of new Chancellor John Healey’s inaugural fiscal statement and the industry is engaged in another frantic round of lobbying against tax rises. This [...]
Treasury minister: Meeting Nato defence pledge is Burnham’s job Politics The Treasury has not evaluated how the government could reach its pledge to spend 3.5 per cent of gross domestic product on defence by 2035, according to a cabinet minister, who said it was a job for the “next government” to carry out. Speaking to a parliamentary committee, chief secretary to the Treasury Lucy Rigby [...]
Defence secretary: there will be “consequences” from weak economic forecasts Politics Defence Secretary John Healey has warned there will be “consequences” from recent weaker economic forecasts in the nearing Autumn Budget. The minister insisted no final decisions had been made for the upcoming Budget, which will be delivered by Chancellor Rachel Reeves on 26 November. However, he acknowledged that the Office for Budget Responsibility (OBR) saw [...]