Healey's Budget temporarily doubles UK bank tax surcharge to 6%

Chancellor John Healey's Budget on 28 October temporarily doubles the corporate tax surcharge applied to UK banks, from 3% to 6% from January 2027 for 15 months, to fund support for energy bills. The Treasury expects the measure to raise about £1.5bn, and shares in major UK lenders such as NatWest rose on the news.

Detected & updated continuously · Source: Nebula