AI summary
Lloyds executives warn that raising bank taxes to fund energy bills could stifle economic growth by limiting the sector's ability to provide essential loans.
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Lloyds executive criticises Healey for linking bank tax rises to energy bill support
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Bank’s chief financial officer hopes measure in budget is temporary as sector provides loans that could fuel growthA top Lloyds Banking Group executive has criticised the chancellor for linking bank tax increases to energy bill support for UK households, as he warned the government against extending the higher levy beyond March 2028.Lloyds’ chief financial officer, William Chalmers, acknowledged that the economic environment was “challenging but said this should not come at the expense of the banking sector, as it provides loans that could fuel UK growth. Continue reading...
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