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Healey ‘considers windfall tax on banks and oil companies in first Budget’
Developing
But Mr Healey, who will announce his Autumn Budget on 28 October, is said to be considering options including increasing the tax on oil and gas giants, extending the levy beyond 2030, and imposing a time-limited tax on bank profits similar to those imposed on energy companies.
Meanwhile, Scottish first minister John Swinney had urged prime minister Andy Burnham to scrap the tax on oil companies, which is set to remain at 38 per cent until at least 2030, after BP announced it would be selling its North Sea operations.
He said that the Greens would enforce a 38 per cent levy on domestic profits above £800 million for the country’s biggest banks.
What's confirmed
What's still developing
- Meanwhile, Scottish first minister John Swinney had urged prime minister Andy Burnham to scrap the tax on oil companies, which is set to remain at 38 per cent until at least 2030, after BP announced it would be…
- But Mr Healey, who will announce his Autumn Budget on 28 October, is said to be considering options including increasing the tax on oil and gas giants, extending the levy beyond 2030, and imposing a time-limited tax…
- He said that the Greens would enforce a 38 per cent levy on domestic profits above £800 million for the country’s biggest banks.
Sources
- politicslink