British banking sector meets with Chancellor to oppose further tax increases

智通财经2026/10/06 11:18

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UK Chancellor of the Exchequer John Healey has informed the country’s largest banks that the government is facing a “difficult fiscal situation”, but did not provide clear guidance on whether the upcoming budget, set to be released later this month, will increase the tax burden on banks. According to informed sources, executives from several major UK banks used a meeting with Healey on Tuesday morning to once again present their arguments against further tax increases on the banking industry. This is likely to be their final meeting with Healey before the budget announcement. Senior executives from Barclays, HSBC, Lloyds Banking Group, NatWest Group, Nationwide, and Santander were among those in attendance. Sources indicated that these bank executives believe increasing the tax burden on the sector would damage the government’s policy goal of boosting economic growth, while further widening the gap between London and competing financial centers such as New York.

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```htmlUK Chancellor John Healey has told several of the country's largest banks that the government is facing a "challenging fiscal situation," but has not given clear guidance on whether the upcoming budget, to be announced later this month, will increase the tax burden on banks. According to sources familiar with the matter, executives from several major UK banks used a Tuesday morning meeting with Healey to reiterate their arguments against further tax hikes on the banking sector. This is likely to be their last meeting with Healey before the budget is announced. Executives attending the meeting represented institutions such as Barclays, HSBC, Lloyds Banking Group, NatWest Group, Nationwide, and Santander. According to sources, these bank executives believe that increasing taxes on the banking sector would undermine the government’s policy objectives to drive economic growth and further widen the gap between London and competing financial centers such as New York.```

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British banking sector meets with Chancellor to oppose further tax increases

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