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Europe

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

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

This story summarizes reporting from The Guardian. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on The Guardian →
Kalyeena Makortoff Banking correspondent2 Sept 2026, 12:38 pmUpdated 6h ago1 min readEuropeUnited Kingdom
Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move

United Kingdom — Kalyeena Makortoff Banking correspondent

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.

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.

This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →

Source: The Guardian · Kalyeena Makortoff Banking correspondent. Published 2 Sept 2026, 12:38 pm.

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