Friday, 30 October 2026

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Lloyds executive criticises Healey for linking bank tax rises to energy bill support

Bank’s chief financial officer hopes measure in budget is temporary as sector provides loans that could fuel growthA top Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2028.Lloyds’ chief financial officer, William Chalmers, acknowledged that the…

Bank’s chief financial officer hopes measure in budget is temporary as sector provides loans that could fuel growthA top Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2028.Lloyds’ chief financial officer, William Chalmers, acknowledged that the…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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