LONDON, Oct 27 (Reuters) - Britain will lower its surcharge
on banking profits from April 2023, the finance ministry said on
Wednesday, as the government seeks to shore up London's
competitiveness as a global financial centre after Brexit.
British finance minister Rishi Sunak said in his budget
statement the current 8% surcharge on profits over 25 million
pounds at banks will be cut to 3% from April 2023, softening the
impact of a rise in UK corporation tax on that date.
(Reporting by Huw Jones, Editing by Hugh Lawson)