Treasury ‘tells Healey’ to consider tax on banks and oil
2 sources·Updated August 30, 2026
Covered by 2 sources
- Daily Mail News·5d agoHealey could hit oil firms and banks with 'windfall tax' in 'low key' Budget as he tries to avoid unpopular tax rises for workers
The Chancellor is said to be eying up a fresh levy on firms as the Treasury seeks to meet commitments including £4.7billion for the Armed Forces inherited from Keir Starmer.
Read at Daily Mail News → - City A.M.·5d agoTreasury ‘tells Healey’ to consider tax on banks and oil
Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer,…
Read at City A.M. →