British Bank Executives Brace for Potential Autumn Budget Levies

British banks in crosshairs as pressure mounts on Burnham to tax profits

Chancellor John Healey considering windfall tax on banks and oil firms Business live – latest updates The countdown is on. Two months out from Andy Burnham’s inaugural autumn budget, bank executives are wringing their hands over whether the government will target their bumper profits with fresh taxes. The chancellor, John Healey, is reportedly considering a windfall tax on both banks and oil companies in the late October Westminster setpiece. Continue reading...

By Kalyeena Makortoff Banking correspondent