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The Guardian - UK
The Guardian - UK
National
Heather Stewart, Jessica Elgot and Kalyeena Makortoff

John Healey poised to raise taxes on banks in budget

John Healey Rachel Reeves United Kingdom Jeremy Hunt Sir Keir Starmer Barclays Britain HSBC NatWest
Lars Klingbeil, John Healey, and Jim Chalmers converse closely indoors near stairs
John Healey talks to Germany’s Lars Klingbeil and Australia’s Jim Chalmers during the IMF/World Bank meeting in Bangkok on Thursday. Photograph: Athit Perawongmetha/Reuters

John Healey is poised to tax Britain’s banks in his 28 October budget to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands.

The chancellor is in Bangkok, where the International Monetary Fund has praised the UK’s progress towards balancing the books, urging him to “stay the course”.

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