politico.eu·4 min read·medium
City gears up for a fight on bank tax under Burnham
H
Hannah Brenton
✦AI Summary
The U.K. financial sector is concerned that the new government under Prime Minister Andy Burnham may impose a windfall tax on banks to address fiscal deficits. Industry executives fear that the Treasury, led by John Healey, might target bank profits to balance the national budget.
The U.K.’s financial powerhouse is breathing a sigh of relief on key Treasury appointments — but fears a re-run of a fight about bank tax.
politicsbusinesseconomy
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