TechUK chief slams Sunak for favouring big banks in Budget statement

Louise Beaumont, chair of techUK’s Open Finance and Payments Working Group, has blasted Chancellor Rishi Sunak’s plans to to slash the bank profit surcharge levied on the UK’s biggest banks from eight percent to three percent, describing the action as an act of “self-flagellation” that would significantly damage the UK’s fintech industry.
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