The banks don’t want you to know this, John. In fact, they’ve spent months using the press and private lobbying meetings to persuade the Chancellor Rachel Reeves not to tax them fairly. [2]

But this government can’t let donations from big banks (like the £175,000 that HSBC, Barclays, and Lloyds spent sponsoring their Investment Summit earlier this month) skew national tax policy for the rest of us.

Lloyds, Barclays, NatWest, and HSBC have announced £44.7 billion in profit over the last week, so it seems like the big banks have pretty broad shoulders for bearing the heaviest burden in tomorrow’s Budget - unlike pensioners and struggling families.

Add your name to #TaxTheBanks

Big Finance have sweet-talked Labour into favourable policy changes before. We can’t let them get away with it again. [3]

That’s why we headed to the Treasury this afternoon, to share the voices of over 5,000 people who’ve signed the petition and demand that to prove they’re not in the pocket of big banks, Rachel Reeves should #TaxTheBanks in tomorrow’s Budget.

With less than 24 hours to go until the budget John, please will you join us too? It only takes 30 seconds.

Add your name to #TaxTheBanks

Thanks so much for your support,

Kate, Positive Money

Notes:

[1] Positive Money: Windfall tax on banks could raise £15bn in 2024

[2] The Guardian: Lloyds chief urges UK policymakers to keep their hands off banks’ profits

Financial Times: Bankers fear Rachel Reeves is preparing UK Budget tax raid on sector

[3] Open Democracy: Finance firms gave Labour £2m in two years before banker bonuses U-turn

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