Thursday, 15 October 2026 Updated 20 min ago
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John Healey poised to raise taxes on banks in budget

Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public finances John Healey is poised to tax…

Image accompanying the story: John Healey poised to raise taxes on banks in budget
Image: Photograph: Athit Perawongmetha/Reuters · via The Guardian

The Guardian reports: Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public finances John Healey is poised to tax Britain’s banks in his 28 October budget to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands.

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

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
John Healey, Iran, Britain, Middle East
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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