Raising Bank Taxes Will Reduce Jobs, Hunt Warns Healey

Raising bank taxes will reduce jobs, Hunt warns Healey

Former Chancellor Jeremy Hunt has issued John Healey a major warning over any increase to the level of taxes paid by UK banks ahead of the forthcoming Budget. The top Tory MP, who has sat on the back benches since Labour came to power in 2024, said Healey must ignore the “siren voices” calling for [...]

Cabinet revolt over John Healey's plans for raid on banks

The Chancellor is said to have been warned that a raid on the sector later this month will threaten Prime Minister Andy Burnham's promise of economic growth.

Jeremy Hunt urges Healey not to raise bank surcharge in Budget

Former chancellor Jeremy Hunt has used an article in The Times to urge John Healey not to raise the bank surcharge, citing PwC figures on London tax rates.