Healey faces pressure over Budget tax raids on banks and offices

Chancellor John Healey is reportedly considering tax increases on banks and expensive London offices in his first Budget on 28 October, with banking executives expecting to be targeted. Property firms warn a £1bn business rates rise on offices would be an 'attack on growth', while unions have called for a £9bn bank levy. Healey has promised the Budget will 'meet the moment' and offer 'breathing space' to consumers and businesses, and has described banks as a 'jewel in the crown' of the economy.