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Macro Finance

Banks expect to be hit in Budget tax raid

BBC Business·October 15, 2026·1 min read
Banks expect to be hit in Budget tax raid

Senior banking executives have told the BBC they expect to be "on the menu" in a Budget tax raid later this month. The comments suggest the financial sector anticipates increased taxes or levies in the upcoming fiscal statement. Specific measures were not detailed, but the remarks highlight growing concern among banks about potential government action.

Read at BBC Business
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