To cover fraud and default on the £77bn state-guaranteed loans given to struggling companies during the coronavirus lockdowns, more than £4.4bn worth of taxpayers’ money was paid to British banks.
City of London Tries to Divert Tax Raid on Banks, Chancellor Jeremy Hunt’s claim that “nothing is off the table”
As the UK seeks to plug its funding gap, there are growing concerns in London regarding higher taxes being imposed upon banks.
UK Mortgage Rates Continued to Rise on Monday
Britain’s mortgage prices continued to rise on Monday as Kwasi Kwarteng, Chancellor of Exchequer, prepares to address restless Tory politicians to win back trust in his economy handling.