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The Independent UK
The Independent UK
Business
Sophie Wingate

John Healey faces calls to hike taxes on ‘bumper profits’ of banks as Iran war hits public finances

A union chief called for a tax hike on the “bumper profits” of banks amid speculation John Healey was planning a raid on the financial services sector in the budget.

The chancellor is seeking ways to raise revenue and keep the budget deficit under control in the face of soaring government borrowing costs.

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