The government last night quashed suggestions that it is considering a windfall tax on banks as one of the measures to plug a hole in its finances in next month’s Budget.
Two senior sources close to prime minister Rishi Sunak and chancellor Jeremy Hunt played down the idea that they were looking at ways to impose additional taxes on banks. The news will come as a relief to the City, which had feared a raid on bumper profits derived from rises in interest rates.
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Including:
US tariffs and UK insurance hikes are worrying dealmakers, but some see a chance for Europe to prove its worth
Housebuilder reiterates full-year completion and profit guidance
Company says it has had good start to the year in Q1 trading update
A local private investor has snapped up the multi-let office for £6.1m
