UK government doubles bank tax to fund energy aid
Statements (3)
- Neutral
The UK government has doubled the bank interest rate to help finance social measures.
- Bearish
The UK government will temporarily double the bank profit tax rate from 3% to 6% starting in January 2027 to fund household aid.
- Bearish
The UK government of Burnham will temporarily double the tax rate on bank profits from 3% to 6% to fund energy aid