Wednesday, 28 October 2026

Processor Press

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Processor Press

Finance

Banking Bunch: Lender’s Billions Boosted by Higher Rates, Tax on the Horizon

Banking Bunch: Lender’s Billions Boosted by Higher Rates, Tax on the Horizon

A major UK lender posted billions in profit thanks to higher interest rates, but the Treasury is already drafting a higher bank tax to keep the coffers full.

The bank just turned rates into cash—now the Treasury wants to tax it.

if this one landed.