Saturday, 24 October 2026 Updated 23 min ago
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Is London really the most-taxed city? Banks accused of cherrypicking data

Lobby group’s figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaigners A banking lobby group has been…

Image accompanying the story: Is London really the most-taxed city? Banks accused of cherrypicking data
Image: Photograph: Marco Bottigelli/Getty Images · via The Guardian

The Guardian reports: Lobby group’s figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaigners A banking lobby group has been accused of cherrypicking data and trying to mislead the British government by claiming a tax rise for banks at next week’s budget would leave London less competitive than rival financial hubs.

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include London, John Healey and Paris.

Why it matters

Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.

Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
London, John Healey, Paris, British
Section
Business

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Guardian

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