Today news
About the same in other media
08.11 - 11:23
Bank surcharge cut to cost exchequer £1bn as opponents queue up to blast City
Reading now: 955
fnlondon.comCutting a tax surcharge on bank profits its set to cost the exchequer £1bn by the financial year ending April 2027, according to costings documents published alongside the UK's Budget on 27 October.
Chancellor Rishi Sunak announced that supplementary charge levied on banks would fall from 8% to 3% from 1 April 2023. The allowance available for banking groups will also be hiked from £25m to £100m in a bid to ease the path to growth for challenger banks.
In...
Read more on fnlondon.comAbout this in other media
Blockchain hires ex-Deutsche Bank exec as compliance chief fnlondon.com /3 years ago
Singapore's largest bank beats expectations with 31% jump in third-quarter profit cnbc.com /3 years ago
Why Credit Suisse’s investment bank retreat looks more like an expansion fnlondon.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
