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A report commissioned by UK Finance suggests London has the highest bank tax rate among major financial hubs. However, campaigners argue the figures are misleading due to the exclusion of Paris, which they calculate would have a higher tax burden.
London’s bankers and lawyers collected more than £1bn in advisory fees in 2026 as UK merger activity jumped 175% to £100bn. JP Morgan led the advisory market, while the Intertek deal alone is set to generate over £370m in fees.
Wandsworth Council announced a 94% rise in council tax for the 2026‑27 financial year, the largest jump in recent history. The Independent noted that legal action may be taken against the government over the decision. Residents can now lodge objections through the usual pre‑consultation process.
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