Budget 2026: Healey doubles bank tax to fund energy package Banking John Healey has confirmed a “time limited” tax hike on the UK banking sector as a means to fund the government’s energy support package. The Chancellor will double the surcharge, which sits on top of corporation tax, to six per cent. The increase will begin in January and continue for 15 months. “I want to [...]
JP Morgan boss issues bank tax warning to John Healey Banking The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Lloyds beats profit target as bank sets sights on more cost-cutting Banking Lloyds Banking Group beat its profit forecast for the first half of the year as the bank’s top boss laid out plans to make further cost savings in the years ahead. The FTSE 100 lender – which owns the Bank of Scotland and Halifax – recorded a £4.3bn pre-tax profit in the first half of [...]
Here’s an idea for you Gary Stevenson: a 0 per cent wealth tax July 14, 2026 Gary Stevenson’s success lies in translating a highly complicated economic problem into an emotional story people instinctively understand. The trouble is that successful communication is not really about popularity, it is about ensuring the policy underpinning the message can survive contact with a political and economic reality, says Tim Focas Eye catching, the audience wants [...]