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John Healey poised to raise taxes on banks in budget

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This story was selected and curated by our editorial team in the Banking category. Published on October 15, 2026 • Originally reported by Heather Stewart, Jessica Elgot and Kalyeena Makortoff. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public finances

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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