# 324. Should banks pay more tax?

An episode of [The Rest Is Money](https://invisiblenetwork.ai/podcast/1703785141), 21 Oct 2026, 40 min.

Audio: https://pdst.fm/e/traffic.megaphone.fm/GLT8677532354.mp3

Are banks making excessive profits? How do UK taxes on banks compare to other countries? Should the bank surcharge be increased? What about reducing the interest the banks get from the Bank of England for their cash reserves? Ahead of the October budget, Robert and Steph discuss the pros and cons of the Chancellor’s potential plan to get more money out of the banks. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: therestismoney@goalhanger.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: Partnerships@goalhanger.com For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Lizzie Wood General Manager: Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices

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