Chancellor John Healey announced banks will have to pay an extra 3 per cent on their corporation tax surcharge from January, bringing the rate to 6 per cent

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The results come a day after the Chancellor said in the Budget that he would be temporarily hiking bank taxes.

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Banks will pay an extra 3% on the corporation tax surcharge from January, and for 15 months.

S4 said tech clients were continuing to prioritise spending on AI infrastructure over marketing budgets.

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The carmaker said it was on track for about 500 Valhalla Coupe deliveries by the end of the year.

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Santander said it was still integrating the smaller rival after nearly 1,000 of its staff transferred over.

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Pam Kaur, the banking group’s chief financial officer, said there was ‘no pressure’ on the bank despite facing the prospect of higher costs.

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There were 738,144 UK businesses in ‘significant’ distress in the third quarter of 2026, according to new research.

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The banking giant said it had made bigger savings than it originally set out to do.

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