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The Independent UK
The Independent UK
Maira Butt

Healey ‘considers windfall tax on banks and oil companies in first Budget’

Chancellor John Healey is reportedly considering policies for windfall tax on banks and oil companies in his first Budget, as speculation grows over ways he can tackle a gaping black hole in public finances.

Both options are being assessed as a way to plug a £4.7bn gap, while protecting the general public from higher taxes, according to a report byThe Telegraph.

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