Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move

Ahead of a crucial budget, four countries’ experiments offer a mixed verdict on how to tax bumper profits The countdown is on.

Two months out from Andy Burnham’s inaugural autumn budget, bank executives are wringing their hands over whether the government will target their bumper profits with fresh taxes.

The chancellor, John Healey, is reportedly considering a windfall tax on both banks and oil companies in the late October Westminster setpiece.

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