Macro Finance
Healey Raises UK Banks Tax, Vows to Keep Finances Stable
Bloomberg Markets·October 28, 2026·1 min read
Chancellor John Healey delivered the first budget of Andy Burnham's Labour administration, pledging fiscal discipline amid harsh global conditions. Healey imposed an additional 3% tax on banks, raising the surcharge to 6%, aiming to stabilize finances while addressing economic challenges.
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