The TUC has welcomed the Chancellor's doubling of the bank surcharge, but is pressing him to go further. The TUC general secretary, Paul Nowak, called the rise from 3% to 6% "common sense", Brit Brief reports.
Mr Nowak said John Healey should be "prepared to extend it and raise it if profits remain sky high". The higher rate is due to run for 15 months from January, with the money going to help with energy bills.
The 6% rate falls short of what the union wanted. The TUC had called for the surcharge to rise to at least 8%, the level it stood at before the 2023 cut to 3%.
In the Commons, Mr Healey described the measure as "asking a bit more of our banks to support ordinary people".
Brit Brief, citing HMRC figures, reports that the banking sector paid £39.1bn in tax in 2025-26, up 8.5% on the year before. It also reports that surcharge receipts rose by a fifth year on year. There is still no official estimate of how much the higher rate will raise.