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via thefinanser.comPolitics

Possible tax on British banks to be addressed in the Chancellor's Budget

FROM THE WIRE · THEFINANSER.COM

It is Halloween week and, by coincidence, the same week as the Chancellor’s Budget which is announced tomorrow. I say by coincidence as it seems likely that the Chancellor wants to drink the banker’s blood by restoring higher taxes upon them. There has been a huge debate over…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher taxes on British banks could weigh on profitability in the UK financial sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Chancellor's Budget is announced tomorrow, in the same week as Halloween.
  2. 02There has been a major debate on increasing taxes on British banks.
  3. 03The text does not specify the size of any proposed increase.

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