Saturday, 17 October 2026 Updated 26 min ago
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The Guardian view on the banks: too big to fail cannot mean too big to tax | Editorial

Britain should reclaim more for the public and resist City lobbying John Healey is planning to tax British banks, the Guardian revealed, in the forthcoming…

Image accompanying the story: The Guardian view on the banks: too big to fail cannot mean too big to tax | Editorial
Image: Photograph: Ian West/PA · via The Guardian

The Guardian reports: Britain should reclaim more for the public and resist City lobbying John Healey is planning to tax British banks, the Guardian revealed, in the forthcoming budget.

Financiers owe their windfalls and bonuses to higher interest rates. It’s about time for the chancellor to act.

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Guardian, Editorial and Britain.

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Business and economic news can ripple through prices, jobs, investments and household budgets.

Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
Guardian, Editorial, Britain, John Healey
Section
Business
Figure cited
The campaign group Positive Money reported this summer that Britain’s four biggest banks made £29bn in the first half of this year, up a fifth on 2025. (The Guardian)

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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