The government led by Andy Burnham refused to rule out the possibility of raising bank taxes in the upcoming budget, at a time when the rich profits of the banking sector in the City of London are triggering demands that the government raise bank taxes and raise funds for measures to help the public. When asked if the government would rule out adjustments to the UK banking tax system, the UK Treasury said in a statement, “The Chancellor of the Exchequer is making every effort to advance its administrative priorities to promote enterprise development, ease the pressure on the cost of living, and provide support to people all over the country.” The statement said, “The tax policy will be announced by the Minister of Finance during the fiscal incident, rather than commenting on the various proposals put forward by the outside world one by one.” In contrast, Burnham made it clear that the October budget will not adjust stamp duty on real estate transactions. Earlier, there were media reports that he was considering abolishing this tax.

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