EconomyIs London really the most-taxed city? Banks accused of cherry-picking data

Campaigners accuse banking lobby group UK Finance of selecting data to mislead the UK government with claims that a bank tax rise in next week’s budget would make London less competitive. Its commissioned report puts London’s total tax rate at 46.2% but omits rival Paris; Guardian calculations estimate the same bank would face a 51.6% to 57.3% rate there.

bank taxesUK FinanceLondonParis

TThe Guardian★★☆☆☆2026-10-24 11:00Original