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The Financial Times reports that the chancellor will cut the tax surcharge on bank profits from 8% to 3% from April 2023. It says the move, which is “an effort to keep the City of London competitive against global rivals in the wake of Brexit”, will be welcomed by the financial sector. But Rishi Sunak could be criticised for doing it “at a time of tight public finances”, it adds.

Financial Times Front Page 7th of November 2024

Donald Trump has achieved a significant political comeback by defeating Kamala Harris in the presidential election, raising questions about the future of America’s democracy and international alliances, while global markets react to concerns over tariffs.

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