London, Oct 28, 2026 (AFP) - UK budget lifts bank tax to offset surging energy bills

NAMPA / AFP

2026-10-28

Britain's Labour government will increase a tax on profits earned by banks to help reduce soaring energy bills for millions of UK households, finance minister John Healey announced in his budget Wednesday. The first budget of Prime Minister Andy Burnham's administration was delivered to parliament against a harsh global backdrop of rising inflation and borrowing costs, and the fallout of the Iran war. Despite the constraints, Healey pledged to ra......

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Toronto, Canada, Oct 28, 2026 (AFP) - Canada hikes rates to contain oil price surge caused by Iran war

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