Global Banks Warn UK Windfall Tax Could Lead to London Exodus
UKPulse Money Desk
Global banks have reportedly warned that a UK windfall tax could prompt a shift away from London. Chancellor John Healey is said to be seeking revenues for the upcoming Budget.
- Global banks have warned about a potential UK windfall tax.
- Such a tax could trigger a shift away from London.
- Chancellor John Healey is reportedly looking for revenues for next month's Budget.
Global banks have issued a warning that a proposed UK windfall tax could lead to operations moving away from London. This comes as Chancellor John Healey is reportedly seeking new revenue streams for next month’s Budget.
The search for revenues is said to be aimed at compensating for the impact of higher borrowing costs, which are attributed to the Iran war.