Banks expect to be hit with higher taxes in Budget

Chancellor John Healey is planning to increase taxes on the bank sector, senior banking executives have told the BBC.

Healey has described banks as part of "the crown jewels" of the UK economy, but leaders in the sector have said it will be "on the menu" at the Budget in two weeks' time.

The biggest four banks collectively made about £15bn profit in the first six months of this year, and trade unions have called for them to face additional…