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🚨 🇬🇧 UK Budget: extra 3% bank surcharge, OBR cuts 2027 growth to 1.0%
October 28, 2026
· 2 min read
· Pardip Bansal
🚨 🇬🇧 UK Budget: extra 3% bank surcharge, OBR cuts 2027 growth to 1.0%
- 🇬🇧 Banks will pay an extra 3% on the bank surcharge from January for 15 months, Chancellor Healey said ()
- 🇬🇧 The OBR lifts 2026 growth to 1.2% from 1.1% but cuts 2027 to 1.0% from 1.6%; debt is seen easing to 82.3% of GDP by 2030 to 31
FO view: For gilts, specific tax rises keep the borrowing path from worsening further.
Not investment advice.