John Healey urged to hike taxes on banks’ ‘bumper profits’ in Budget

John Healey is being urged to increase taxes on the bumper profits earned by banks in the upcoming Budget. Reports indicate that the Chancellor is considering targeting these financial institutions to help offset the significant damage that the Iran war has inflicted upon the public finances. This strategic move aims to stabilise the national economy by leveraging the high earnings of the banking sector to cover the costs associated with the ongoing geopolitical conflict and financial instability.