Goldman Sachs Chief Warns Rachel Reeves Against Bank Tax

Goldman Sachs chief warns Rachel Reeves against bank tax

The boss of Goldman Sachs has warned Chancellor Rachel Reeves that an increase to the financial burden slapped on the banking sector would dent economic growth ambitions. In a private meeting with the Chancellor, David Solomon said hitting the industry with higher taxes would dampen wider ...

Goldman chief delivers warning to Reeves over bank tax hikes

The boss of Goldman Sachs has urged Rachel Reeves not to increase the financial burden on the banking sector amid industry concerns that it will be targeted for steep tax hikes in next month's budget.

Goldman Chief Delivers Warning To Reeves Over Bank Tax Hikes - Great Yorkshire Radio

Sky News has learnt that David Solomon delivered the warning in a private meeting with the chancellor last week, when he is said to have told her that hitting banks with higher taxes would be damaging to Britain’s wider economic growth prospects. The meeting came seven weeks ahead of a crucial Budget for the Labour government, which is racing to find ways to plug a fiscal hole estimated at between £20bn and £30bn. Goldman Sachs disclosed in its …