Labour‘s plans to hike taxes on banks will push up mortgage rates, the Conservatives warned on Sunday.
They urged Chancellor John Healey to drop plans to push Britain’s record tax burden even higher.
He is set to levy billions of pounds in extra taxes on the big banks as he scrambles around for cash in Wednesday’s Budget.
He will argue the raid on the heavily-taxed sector is justified by bumper profits.
But Shadow Chancellor Andrew Griffith warned yesterday that the plan would backfire on homeowners and businesses.
He told Times Radio: ‘It sounds great, doesn’t it, putting up taxes on banks? But what does that
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.