Chancellor Of The Exchequer

Treasury officials have presented Chancellor John Healey with a plan to tax oil firms and banks to help rebuild his £22.7bn fiscal buffer, according to reports. Officials believe that a new windfall tax on banks and a further increase on oil firms could help increase government receipts squeez

Investors and analysts have warned Chancellor John Healey not to give up on the government's efforts to reduce the UK's fiscal deficit in his first Budget, following a spike in government bond yields in recent weeks. Mr Healey is preparing to unveil his first Budget on October 28 at a time when inve

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig

JPMorgan Chase chief executive Jamie Dimon has warned Chancellor of the Exchequer John Healey against creating a more hostile tax environment for banks. The Wall Street executive urged the UK Government to re-consider its plans to increase taxes on banks ahead of a major pre-Budget lobbying campaign