Banks: Surcharges

Treasury written question – answered on 21 March 2023.

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Photo of Barry Sheerman Barry Sheerman Labour/Co-operative, Huddersfield

To ask the Chancellor of the Exchequer, if he will make an estimate of the revenue expected to accrue to the Exchequer from the bank surcharge in each of the next four financial quarters.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

The latest estimate of the revenue expected to accrue to the Exchequer from the Bank Surcharge for the next 4 quarters (financial year 2023-24) is provided in Table A.5 in Appendix A of the OBR’s Economic and Fiscal Outlook, which was published on 15 March 2023.

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