Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on...
Read MoreExclusive: Chancellor urged to reverse Rishi Sunak’s tax surcharge cuts to claw back billions in lost revenueBusiness live – latest updatesTax cuts for big banks have deprived the UK government of £6bn in revenues, according to...
Read MoreCity firms tapped for case studies to try to convince global watchdog that London has cleaned up its actThe government is asking bankers and lawyers to provide feelgood stories about how they blocked dirty money from entering...
Read MoreHundreds of millions of pounds of dirty money are being deposited at post offices every year. So why are the police reluctant to investigate the scale of the problem?Last chance to buy the summer issue of The Long Read magazine,...
Read MoreUnions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter An increased windfall tax should be imposed on the UK’s largest banks according to trade union leaders, after...
Read MoreIt’s easy to let your credit card balance mount up – and hard to admit you have a problem. But help is at hand. We talk to four people who worked their way back into the blackAbbie Marton Bell, a National Debtline adviser, is...
Read MoreAfter a reckless shopping spree, I ditched contactless payments and bank cards to see how far £200 cash in hand would get me – and if I could improve my spending habitsIf I’m lucky, I can just about squeeze a £20 note into the...
Read MoreCritics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandalThe City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a £2bn tax...
Read MoreSenior politicians have tabled bill that would force UK banks to make affordable finance more accessibleSenior Labour backbenchers are urging the government to introduce legislation forcing UK banks to expand affordable lending...
Read MoreBuilding societies fear consumers will be put off from saving if chancellor’s budget announces a 40% reductionBusiness live – latest updatesRachel Reeves’s plan to slash the annual cash Isa limit by 40% could lead to higher...
Read MoreTreasury committee says move in November budget could push up mortgage rates insteadCutting the annual cash Isa allowance will not encourage many savers to switch to shares but could push up mortgage costs, MPs have warned the...
Read MoreFinancial experts express alarm after jump in sums people taking out of retirement pots amid ‘jitters’ about taxOlder savers should avoid making rash decisions about their pension cash based on “fear and rumour”, experts urged...
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