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UK Chancellor summons bank chiefs amid calls not to raise taxes
Original: Chancellor summons UK bank chiefs amid industry calls not to hike taxes https://www.standard.co.uk/business/business-new
The UK Chancellor has summoned the heads of Britain's major banks ahead of the upcoming Budget, as the banking industry lobbies against potential tax increases. Industry leaders argue that higher taxes on banks would dampen lending and investment in the UK economy, while the Chancellor is weighing options to fill a fiscal gap. The meeting comes amid intense speculation about tax policy in the Budget.
Why now: Budget speculation is intensifying and any decision on bank taxation would have major implications for the UK financial sector.
Evidence
- Chancellor summons UK bank chiefs amid industry calls not to hike taxes https://www.standard.co.uk/business/business-news/john-healey-budget-jamie-dimon-trades-union-congress-barclays-b1299208.html # Business # UK # Finance · the_standard@robot.villas · 4
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