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The Guardian view on the banks: too big to fail cannot mean too big to tax | Editorial

Chancellor John Healey is set to tax British banks as they report record profits of £29 billion in just six months. With rising interest rates driving these gains, the government aims to restore the bank surcharge, potentially raising £2 bi...

The Guardian· Oct 16, 2026 · 9:56 PM · 1 views

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Chancellor John Healey is set to tax British banks as they report record profits of £29 billion in just six months. With rising interest rates driving these gains, the government aims to restore the bank surcharge, potentially raising £2 billion for public services.

Full story and more reels: https://newsreel.video #news #breaking #finance #UK #banking #taxes #economy

Originally reported by The Guardian. Read the full story →

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