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Shares in the biggest UK banks fell sharply today due to fears of a potential tax raid on the sector to help shore up the UK’s public finances.
The market was reacting to mounting fears that the Government will target the banking sector at the autumn Budget with a surcharge on profits or even a new levy to help fill a £20 billion fiscal hole.
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Earlier today, The Financial Times published the article ‘UK Bank Shares Tumble On Fears Of Tax Raid On Sector’. The following is a summary of the article; you can read an archived copy of it HERE. As we read this article, we are reminded of recent warnings from Ed Dowd about an imminent global financial crisis.
The share prices of major UK banks, including NatWest, Lloyds Banking Group and Barclays, have fallen significantly today (between 3.8% and 5.3%) due to fears that the government may impose a tax raid on the sector to address the UK’s public finances, with a potential fiscal hole estimated to be at least £20 billion.
The sell-off of banks’ shares followed suggestions of a possible surcharge on profits or a new bank levy as ways to fill the fiscal gap by the think tank Institute for Public Policy Research (“IPPR”). In a report, published today, IPPR has proposed a new levy on profits to recoup “windfalls” made by lenders as a result of the Bank of England’s quantitative easing programme, undertaken following the financial crisis.
In a summary of its report, IPPR described the problem:
After a period of making significant profits on this programme, the Bank of England is now making record losses, which is historically very unusual for central banks. The Treasury is paying for these losses, making the UK an international outlier, and the sums involved are staggering: Bank of England losses will cost the taxpayer £22 billion a year in every year of this parliament.
These losses come from two sources: valuation losses from selling government bonds below purchase value; and interest rate losses.
Fixing the leak: How to end the £22 billion annual taxpayer losses at the Bank of England, IPPR, 29 August 2025
Possibly adding to banks’ nervousness about a tax raid, in a letter to Chancellor Rachel Reeves in May, Deputy Prime Minister Angela Rayner proposed eight potential tax rises, including raising the higher corporation tax rate for banks from 28 per cent to 30 per cent.
Bank executives have warned that increased taxes would damage the government’s growth agenda and have urged against fresh taxes on the sector, stating that financial institutions are already among the biggest taxpayers in the country.
The UK Finance industry lobby group has argued that adding another tax would make the UK less internationally competitive and run counter to the government’s aim of supporting the financial services sector to drive growth and investment in the wider economy.
The potential tax raid on the banking sector is seen as a way for the government to reassure Labour MPs that it is sharing the fiscal pain, with some officials suggesting that an increase in the bank corporation tax surcharge on profits could raise up to £3 billion.
Chancellor Reeves has stated that securing growth is her priority and that she is conscious of the risks of overtaxing the wealthy and productive parts of the economy, but the final decision on tax changes will depend on the size of the fiscal hole exposed by Office for Budget Responsibility forecasts, which have yet to be prepared for the autumn Budget.
Featured image taken from ‘UK bank shares fall on fears of Reeves windfall tax; UniCredit lifts Alpha Bank stake to 26%’, The Banker, 29 August 2025 (behind a paywall)
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Categories: Breaking News, UK News
I don’t care if you publish this or not.
You are completely correct that a class is attempting to control the world.
They most correctly can be called the Class above Politics. While such a strata has since Europe evolved into the sophisticated entity it did around 1500 and the enormous amount of wealth flowed in from Mexico and South America.
After the Cold War ended and the Soviet Union disappeared this Soros-Blackrock class could bring forth the enormous amount of dollars it had accumulated and proceed to try and buy the world.
The interaction between the members of this class and the existing global entities most especially the enormous structures the CIA constructed to fight the Cold War have led to the emergence of a true globalist entity whose goal is control, power and wealth. I salute you for being willing to risk your life and reputation to shed light on this development.
Very well said. A certain family heads the 13 bloodlines that comprise the pinnacle of the pyramid so to speak. All wars directed and funded by them. They own the media and have stakes in all the banks. They select heads of state and presidents. They fund the people behind the NGOs that push their freedom crippling agendas. All so they can turn the world into their own playground and enslave the luck few peasants who are granted the right to live.
I won’t go down the ensnaring “bloodlines” route, nevertheless, B.W. Newton was bang on the button when he could see back some 170 years ago that latitudinarianism (or the prevailing world system) would be revealed as the “woman” in Revelation 17.
Mark Truslow has correctly called it out (I don’t believe he’s singing from exactly the same hymn sheet as me) as “the class above politics”.
Politics is nowt but a deceiving side show, as all side shows indeed are.
Hi JJK, who is the “certain family” that heads the 13 Rex Deus families? I haven’t seen any serious researchers hazard a guess how the 13 families are structured or who is the head of them (the researchers I’ve come across can’t even agree who the 13 families are – there is simply too little information to go on). So I’d be interested to know who you believe it is and who or what your source is.
From what I can tell, there seems to be a couple of names that come up most often (with the handful of researchers that have dug that deep) as the Sangrael Royal (according to their beliefs, the “King of the World”), which is the only person I could imagine people would assume is at the top of the 13 families.
One contender for Sangrael Royal is the UK’s King Charles III and the other is Spain’s King Philip (Felipe VI). If that is correct (and no one outside the Rex Deus clique knows for sure), in my mind, I guess that would make the “certain family” you’re referring to either the Windsors (before 1917 known as Saxe-Coburg and Gotha) or the Bourbons. At one time, it is said, Queen Victoria was head of the Venetian Black Nobles (who are prominent in the Committee of 300 or the Council of 300), but I’ve yet to come across a researcher making any claims as to which family, let alone either the Windsors or the Bourbons, heads the 13 Rex Deus families. But perhaps you have, and if so I’d be interested to know what your beliefs are and the source/s you’ve used to reach that conclusion.
https://themillenniumreport.com/2019/08/the-rothschilds-global-crime-syndicate-and-how-it-works/
Hi JKK, the Rothschilds are not Rex Deus. I haven’t read the article in full, I’ve just glossed over it, but this stands out: “The Rothschilds have infiltrated royalty and aristocracy through breeding.” This is proof that the article is admitting the Rothschilds are not Rex Deus.
And the article says, “The Rothschilds sit at the top of their pyramid-structured organisation, literally running the entire financial world with about eight thousand selected members.” The article is not talking about the 13 Rex Deus (“bloodline”) families. It is talking about “banking families.”
Apart from you misunderstanding what the article is about, this article seems to have mixed in some possible truths (as far as serious researchers can determine) with some blatant falsehoods. The Rothschilds, in the 1970s at least, were the head of the Illuminati (many assume they are still the head of the Illuminati today). Some say they have become a member of the Committee of 300 (One member out of 300 members).
The Illuminati does not necessarily work on family or bloodlines (they are not Rex Deus) – Illuminati members are Freemasons who have become “illuminated.” The Committee of 300 does work on bloodlines (but not necessarily Rex Deus bloodlines, so, as far as I can gather, the Committee of 300 really works more on ancestry rather than bloodlines i.e. DNA).
The Freemasons are below the Illuminati. The Illuminati is below the Committee of 300 (dominated by Venetian Nobles, which the Rothschilds are not, some Rothschilds only married into Nobility). The Committee of 300 is below the 13 Rex Deus (“Holy Grail bloodline”) families (there is possibly a Council of 33 between the Committee of 300 and the 13 “bloodline” families, adding another layer to the structure). At the top of the pyramid, above the 13 Rex Deus families) is satan, “the all seeing eye.” It is satan who the Sangrael Royal will take instructions from. The Sangreal Royal, when he is crowned in Jerusalem as “King of the World” sometime in the the distant future (perhaps, say, in 200 years’ time), will be satan’s representative on Earth (i.e. the anti-Christ).
https://concisepolitics.com/2016/09/09/rothschilds-lead-the-13-illuminati-families-that-run-the-world-today/
Hi JKK, this article is about the Illuminati, who serve the Rex Deus families. There are not 13 Illuminati families as the article claims (I don’t know how many there are – more than a thousand, one list I saw had about 1,800 names, this list dates back to 200 years ago or more). The article you shared is conflating two different groups as I explained above – from the title of it, it looks like click bait.
https://diannemarshallreport.com/follow-the-rothschilds-gold-and-their-protocols-to-rule-the-world-are-we-heading-into-ww-iii/
Hi JJK, this article is the same as the first you shared. It is referring to banking families, not Rex Deus families who the bankers serve. My guess is the two articles are sharing the same source, i.e. they have not been independently researched.
Who they are doesn’t really matter, for it is apparent.
So how to purge them from our society?
So, if we were in the Wild West, your tactic would be to walk into a saloon and – without making any enquiries because it doesn’t really matter who the robber was or what gang he/she belonged to – shoot everyone inside in the hopes of killing the person who robbed the bank across the street?
If the scattergun approach, shoot first and ask questions later, is your tactic, you might be disappointed when you find out the robber wasn’t in the saloon. In fact he/she had left town hours before, immediately after robbing the bank, and all you’ve achieved is to kill your fellow townsfolk. Effectively, you have purged your fellow townsfolk from your society while the robber roams free to steal again. Perhaps next time, because you are one of the few in the town left standing, he/she will steal from you.