- Chancellor of the Exchequer John Healey's plan to raise bank taxes would help ease Britain's strained public finances.
- The plan would reverse the 2023 cut that lowered the UK bank surcharge on corporation tax to 3% from 8%.
- Fully reversing the cut would raise £3 billion ($4 billion), according to Bloomberg Intelligence.
- The plan risks an awkward difference of opinion with Bank of England Governor Andrew Bailey.
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“Fully reversing the cut would raise £3 billion ($4 billion) according to Bloomberg Intelligence.”