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London Info · Oct 15, 2026

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John Healey is reportedly preparing to raise taxes on Britain's banks in his first Budget, with restoring the surcharge from 3% to 8% potentially raising around £2bn a year. Bank executives said they expected the sector to be "on the menu", while industry leaders warned higher taxes could hurt investment and competitiveness. The Budget is due on 28 October. Join London Info for Immediate Updates from London's Jewish Communities. To Join LondonInfo Status To Join a LondonInfo News Group

John Healey is reportedly preparing to raise taxes on Britain's banks in his first Budget, with restoring the surcharge from 3% to 8% potentially raising around £2bn a year. Bank executives said they expected the sector to be "on the menu", while industry leaders warned higher taxes could hurt investment and competitiveness. The Budget is due on 28 October. *Join London Info for Immediate Updates from London's Jewish Communities.* To Join *LondonInfo Status* https://wa.me/+447471241799?text=Signup To Join a *LondonInfo News Group* https://chat.whatsapp.com/LDBLGUbAkA505NNbwAE6QJ

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