# Lloyds executive criticises Healey for linking bank tax rises to energy bill support

- URL: https://talkfuse.com/story/lloyds-executive-criticises-healey-for-linking-bank-tax-rises-to-energy-bill-support/
- Published: 2026-10-29T10:31:55+00:00
- Updated: 2026-10-29T11:33:38+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/oct/29/lloyds-executive-criticises-healey-for-linking-bank-tax-rises-to-energy-bill-support
- Topics: Business, Government, Politics, UK, World

## Key points

- Lloyds’s finance chief wants the higher bank tax to end after 15 months.
- The surcharge will rise to 6% from January to fund energy bill support.
- Lloyds’s quarterly pre-tax profits nearly doubled to £2.3bn.

## Summary

Lloyds Banking Group finance chief William Chalmers criticised Chancellor John Healey’s decision to link a higher bank tax with help for household energy bills. He said the banking sector needs a stable, competitive tax environment to keep lending to businesses and households and support UK growth.

Healey plans to double the bank surcharge to 6% from January for 15 months, saying the rise will fund immediate energy bill support. Chalmers said he hopes the measure ends in March 2028, while some bankers fear it could be extended, as happened with a Spanish bank levy. Lloyds reported third-quarter pre-tax profits of £2.3bn, up from £1.2bn a year earlier, partly because the earlier period included an £800m motor finance compensation charge.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.