Is Rachel Reeves plotting a bank tax at the Autumn Budget?

Rachel Reeves is reported to be weighing up a tax on Britain’s banking giants as the Treasury looks to strum up cash in the forthcoming Autumn Budget. The Chancellor is expected to be staring down a fiscal blackhole of over £20bn come November 26 and banks have been viewed as an easy – and politically safe – cash grab. The Treasury has been lobbied by think tanks and rival parties to slap a tax on the lenders. The left-wing Institute for Public Policy Research (IPPR) released a report over the summer which called for the government to introduce a windfall tax on the banks. Read the full story here 👇 https://www.cityam.com/rachel-reeves-mulls-bank-tax-amid-scramble-to-fill-fiscal-hole/ #tax #politics #labour #news #uknews #budget2025 #economy #finance #financialnews #business #ukpolitics