What is your view of temporarily increasing the corporation tax surcharge on banks from 3% to 6%?

Banks in the UK pay corporation tax on their profits, alongside an additional surcharge currently set at 3%. The government has announced an increase to 6% for 15 months from January 2027, expected to raise around £1.5 billion.

The government says the additional revenue will help fund household energy bill support, including a one-off £100 payment to eligible households, while limiting longer-term impacts on the banking sector.

Supporters welcome banks contributing towards household support, while critics warn the increase could discourage investment, restrict lending or raise costs for customers.