John Healy is preparing to levy taxes on the British banking sector in the October 28 budget to mitigate the damage caused to public finances by the Middle East War. The Chancellor of Finance is currently in Bangkok. The International Monetary Fund locally acknowledged Britain's progress in fiscal balance and urged him to “stick to the current policy.” Faced with rising government borrowing costs, in order to ensure that the Ministry of Finance's deficit reduction plan progresses on track, Healy decided to open up new sources of revenue for the financial industry. It is reported that one of the plans being discussed is to abolish bank surcharges lowered during Jeremy Hunt's time. This measure can increase revenue by more than 2 billion pounds a year. Healy said that in the face of rising energy prices, he hoped his first budget after becoming Chancellor of the Exchequer would provide “breathing space” for both consumers and businesses.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.