Healey confirms banking surcharge increase
Chancellor John Healey has confirmed that the banking surcharge will increase by 3% in order to fund headline measures to reduce energy bills this winter.
That will be on top of the 25% corporate tax rate, and increases the so-called bank levy - a small percentage charged on loans - to 6%. There had been speculation that this would be returned to the 8% level it had stood at until 2023; which was then cut back by the most recent Conservative administration.
Laying out the Labour government's fiscal plans, Healey prefaced the cha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
