New Scottish Labour leader Marra tells Healey to hammer bank profits in the Budget amid warnings move could push up mortgage costs

Read the original at Daily Mail ↗
Cite

Wilcock, D. (2026, October 26). New Scottish Labour leader Marra tells Healey to hammer bank profits in the Budget amid warnings move could push up mortgage costs. Daily Mail. https://www.dailymail.com/news/article-16238951/Scottish-Labour-leader-Marra-Healey-hammer-bank-profits-Budget.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Dated from the outlet's own feed. Check the original for its byline.

Daily Mail · collected 2026-10-26 · by David Wilcock

Quick Summary

Michael Marra, the new leader of Scottish Labour, has called on Chancellor John Healey to impose higher taxes on bank profits in Wednesday's Budget, arguing that such a move aligns with progressive tax policies. However, critics warn that taxing banks more heavily could lead to even higher mortgage costs for struggling homeowners. Mr. Marra cites £15 billion in profits made by the largest banks over the first half of this year and points out that Barclays alone reported pre-tax profits of £2.3 billion. Shadow Chancellor Andrew Griffith and Labour's former cost-of-living tsar Richard Walker have cautioned against such measures, suggesting they could inadvertently harm consumers by driving up mortgage rates.
Written locally by qwen2.5:14b on 2026-10-26, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Michael Marra, the new leader of Scottish Labour, has called on Chancellor John Healey to increase taxes on big banks ahead of the upcoming Budget. Profits for major banks like Barclays surged by 12% in the third quarter due to high mortgage rates and low savings rates, according to Marra. In the first half of this year, Britain's largest banks collectively earned around £15 billion in profits. Marra argues that taxing these windfall profits would help fund essential public services like the NHS and assist individuals struggling with heating costs. However, critics warn such measures could push up mortgage rates further.

Written for “Scottish Labour Tax Hikes On Banks” on 2026-10-26, grounded in this article and the 1 other(s) covering the same event.
Why this leaning score
The model judged this article politically coded and scored it -0.40, but 2 quote(s) could not be found in the article and the other 1 are attributed speech rather than the article's own narration, so the score is not published.
Written under an earlier scoring contract, which gave a paragraph rather than checkable quotes. Re-analysing this article replaces it.
Leaning score withheld for article 107470: no verified evidence · logged 2026-10-26

Story

📰 Scottish Labour Tax Hikes On Banks
Politics · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 11% of its claims. Each row says how that neighbour differs.
DAN HODGES: Chancellor Healey's allies tell me this is his Budget strategy. He's taking steps to avoid crashing like Rachel Reeves different event · 95%
Daily Mail
⚖️ leaning not scored 🔴 5% hedged 3 of 60 📰 publisher trust 66
“The articles describe different time periods and events related to the Chancellor's Budget strategy but do not clearly refer to the exact same incident or moment.”
Banks set to report stronger profits as they face prospect of tax hike different event · 95%
Evening Standard
⚖️ leaning not scored 🔴 20% hedged 3 of 15 📰 publisher trust 65
“The articles discuss related topics about potential tax hikes on bank profits but describe different aspects and times, with one focusing on current reports and the other on a demand by Scottish Labour's leader.”
Scottish Labour leader calls for tax hikes on big banks ahead of Budget same event · 95%
Evening Standard
⚖️ leaning not scored 🔴 0% hedged 0 of 12 📰 publisher trust 65
“Both articles describe Scottish Labour leader Michael Marra calling for increased taxes on big banks ahead of the Budget, with similar details about profits and meetings.”
'I joined the Labour Party, not the benefits party': Government's former 'cost of living tsar' demands welfare overhaul at this week's Budget different event · 90%
Daily Mail
⚖️ leaning not scored 🔴 4% hedged 1 of 27 📰 publisher trust 66
“The articles discuss different demands made to Chancellor John Healey regarding the Budget: Lord Walker calls for welfare reform and incentives for employment, while Michael Marra (new Scottish Labour leader) urges taxes on bank profits.”
Chancellor to aim his Budget at cutting cost of business and supporting entrepreneurs different event · 85%
Evening Standard
⚖️ Leans right 🔴 11% hedged 1 of 9 📰 publisher trust 65
“While both articles discuss Chancellor Healey's upcoming Budget, they describe different aspects and outcomes related to it rather than a single specific incident.”
Chancellor to pitch budget at wealth creators – UK politics live different event · 85%
The Guardian
⚖️ Leans strongly right 🔴 3% hedged 1 of 29 📰 publisher trust 66
“Article A discusses an upcoming interview and media round for Chancellor Healey's budget presentation, while Article B reports on Scottish Labour leader Marra's stance regarding the budget and demands made to Healey about bank taxes. They describe different aspects of related events but not the same specific incident.”
Four ways Labour could raise money in the Budget without hiking income tax different event · 85%
BBC News
⚖️ Leans left 🔴 47% hedged 17 of 36 📰 publisher trust 69
“Article A discusses potential ways for Labour to raise money without increasing income tax, while Article B focuses on Scottish Labour's new leader demanding the Chancellor tax bank profits.”
Banks set to report stronger profits as they face prospect of tax hike different event · 75%
Evening Standard
⚖️ leaning not scored 🔴 20% hedged 3 of 15 📰 publisher trust 65
“Article A discusses bank profits and a potential tax hike, while Article B focuses on Scottish Labour's new leader urging for higher taxes on banks. They are related but describe different aspects of the situation.”
Budget 2026: Chancellor John Healey's big London challenge to get Britain firing on all cylinders different event · 75%
Evening Standard
⚖️ Leans right 🔴 7% hedged 1 of 14 📰 publisher trust 65
“The articles discuss different aspects of Chancellor John Healey's upcoming budget announcement and potential measures to address Britain’s fiscal challenges. ARTICLE A focuses on warnings about raising taxes or cutting welfare, while ARTICLE B is about Scottish Labour leader Marra urging Healey to tax bank profits.”
John Healey's tax raid on banks 'will raise the cost of mortgages' different event · 50%
Daily Mail
⚖️ Leans right 🔴 0% hedged 0 of 16 📰 publisher trust 66
“While both articles discuss John Healey's plans to tax banks and potential impacts on mortgages, they do not appear to describe the same specific occurrence in time or place.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
18
sentences that state something as happening or true
Uncertain
11%
2 of 18 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
66/100
Daily Mail's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-26 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Daily Mail · 7548 article(s) · 16 correction(s) detected
Running correction rate · 16 correction(s)
2026-10-26
Escalation in '$100,000 cocaine raid' that rocked Brighton: Ex-private schoolboy hit with two more charges as police allege drug debtors list found on phone
2026-10-13
Daily Mail journalist KARLEIGH SMITH confronts Snowtown serial killer James Vlassakis as he tastes freedom for the first time in 26 years: 'What do you have to say for yourself?'
2026-10-13
Sam Wood is moved to Queensland's most feared prison: 'Pretty boy' Bachelor's brutal new reality with 'the worst of the worst'
2026-10-08
Russian plague victim's grieving mother denies scientist daughter was infected after breaking test tube - as PPE-clad team disinfect her home
2026-10-04
Prison chief stands down over botched execution
2026-10-03
Tennessee prison chief who oversaw botched execution of Christa Pike resigns, governor announces
2026-09-25
Twisted teacher who started school FIGHT CLUB and encouraged children to attack each other is given shockingly lenient punishment
2026-09-22
Melbourne inmate vanished without trace while carrying his brother's coffin 150 days ago - and cops are still hunting him
2026-09-21
Magistrate blasts Melbourne marketing mum Christina Georgiou over 'despicable' $50,000 fraud: How a master's graduate with a drug debt ended up rorting Covid and flood relief schemes
2026-09-18
Female corrections officer fired and arrested over claims she sneaked her home cooked meals into jail to give to inmates
2026-09-18
Woke NYC mayor offers condolences after alleged murderer, 20, dies in custody... but makes NO mention of his disabled victim
2026-09-15
Infamous prisoner known for his 'stop snitching' slogan DISAPPEARS during transfer from one federal prison to another
2026-09-15
Charles Manson's 'right-hand man' dies in prison at 83 after his parole was blocked 8 times
2026-09-15
Jeffrey Epstein's suicide watch 'companion' insists paedophile financier DID kill himself after becoming 'defeated' in his final days
2026-09-07
The evidence Epstein did NOT kill himself: Lawyer and pathologist reveal details they claim indicate the paedophile WAS murdered in jail in new documentary
2026-09-06
Clarifications and corrections

Who wrote this

David Wilcock
61 article(s) here · 1 carrying a prediction
🔮 The new leader of Scottish Labour today told John Healey to hammer bank profits in the Budget, amid warnings that doing so could increase the cost of mortgages.
2026-10-26 · assertive framing · New Scottish Labour leader Marra tells Healey to hammer bank profits in the Budget amid warnings move could push up mortgage costs
🔮 'Take the statue down and I am sure whoever is spitting on it will stop.'
2026-10-21 · assertive framing · Fury as pro-Palestinian protester films himself spitting on statue honouring murdered MP Sir David Amess
🔮 Speaker Sir Lindsay Hoyle berated the Government for announcing the decision to allow new North Sea drilling to the media before telling MPs He also slated Ms Fahnbulleh for failing to turn up and make a statement to the House of Commons on the issue, instead doing a round of media interviews in Aberdeen Sir Lindsay had earlier said: 'It is simply not good enough that it was trailed by the press last night and announced all over the media this morning by the Secretary of State before it could be properly scrutinised in this House.
2026-10-21 · assertive framing · Speaker vents at Labour minister for running off to Aberdeen to unveil Jackdaw drilling on TV - leaving her deputy to face angry MPs
🔮 Andy Burnham will push an anti-discrimination law through the Commons in a single day today to allow the Catholic Prime Minister to advise the King on appointing Church of England bishops.
2026-10-21 · assertive framing · Nothing better to do, Andy? Catholic PM Burnham rushing through 'anti-discrimination' law in a day so he can advise King on Church of England bishops
🔮 But in May, Mr Farage told the Sun: 'Frankly, it was given as a reward for campaigning for Brexit for 27 years.'
2026-10-20 · mixed framing · Nigel Farage cocked up when he claimed £5m 'gift' from Reform donor was a 'reward for Brexit', suggests ex-aide
🔮 Britain could face French-style civil unrest if Labour waters down immigration reform to appease internal party critics, Kemi Badenoch suggested today.
2026-10-20 · assertive framing · Britain could see France-style civil unrest if Labour 'gives in' to party rebels and waters down immigration reform, claims Badenoch
🔮 If you ever find yourself in Westminster, Ashton-under-Lyne or Hove with a sticky clutch, you may not need the AA but the AR.
2026-10-20 · assertive framing · Car broken down in Westminster? Call the AR! Angela Rayner says she is a secret 'petrolhead' who can change a clutch and do a full service and MOT
🔮 Other footage included a councillor saying the party's board was 'hardline', adding they held views that would result in their expulsion if expressed publicly.
2026-10-18 · assertive framing · Reform suspends 'you can't be Muslim and British' party activist who advocated for migrant concentration camps
🔮 Appearing on the BBC's Sunday with Laura Kuenssberg he said and while he did not agree with the policy he would not seek to change party rules to amend the policy before 2028, when it can next be put to a vote.
2026-10-18 · assertive framing · Zack Polanski refuses to say Israel has a right to exist as he brands Zionism a 'racist ideology' that has led to the ethnic cleansing of Palestinians
🔮 A senior Reform MP today likened the furore over racism and sexism displayed by some of its elected politicians to the BBC's paedophile presenter scandals, saying the party could only do so much to root out 'bad apples'.
2026-10-16 · assertive framing · Jenrick likens shocking racism and sexism in Reform to BBC paedo scandals claiming all parties have 'bad apples' after TV probe
Also by David Wilcock
Fury as pro-Palestinian protester films himself spitting on statue honouring murdered MP Sir David Amess
2026-10-21 · Daily Mail
Speaker vents at Labour minister for running off to Aberdeen to unveil Jackdaw drilling on TV - leaving her deputy to face angry MPs
2026-10-21 · Daily Mail
Nothing better to do, Andy? Catholic PM Burnham rushing through 'anti-discrimination' law in a day so he can advise King on Church of England bishops
2026-10-21 · Daily Mail
Nigel Farage cocked up when he claimed £5m 'gift' from Reform donor was a 'reward for Brexit', suggests ex-aide
2026-10-20 · Daily Mail
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 61 articles by David Wilcock →

Topics

Budget Labour NHS Scottish Times Radio

Subjects

Labour NORP · 3× Healey PERSON · 2× Michael Marra PERSON · 2× Anas Sarwar PERSON · 1× Andrew Griffith PERSON · 1× John Healey PERSON · 1× Marra PERSON · 1× NHS ORG · 1× Scottish NORP · 1× Times Radio ORG · 1×

Narrative

Mr Healey is set to levy billions of pounds in extra taxes on the big banks as he scrambles around for cash, arguing the raid on the heavily-taxed sector is justified by bumper profits.
framing: assertive · carried by 1 article(s) · first seen 2026-10-26
🔮 The new leader of Scottish Labour today told John Healey to hammer bank profits in the Budget, amid warnings that doing so could increase the cost of mortgages.
2026-10-26 · Daily Mail
New Scottish Labour leader Marra tells Healey to hammer bank profits in the Budget amid warnings move could push up mortgage costs · assertive framing

Claims (18 extracted, 2 hedged)

The new leader of Scottish Labour today told John Healey to hammer bank profits in the Budget, amid warnings that doing so could increase the cost of mortgages. uncertain
doing → tell → mortgages
Michael Marra, who has been in charge little more than a month, demanded the Chancellor make a 'progressive choice on tax' when he unveils his economic plans on Wednesday. asserted
he → demand → Wednesday
Mr Healey is set to levy billions of pounds in extra taxes on the big banks as he scrambles around for cash, arguing the raid on the heavily-taxed sector is justified by bumper profits. asserted
raid → set → profits
Mr Marra, who replaced Anas Sarwar in September, accused banks of profiting from high mortgage rates to take the money off people who are 'struggling to afford to turn up the heating'. asserted
who → replace → heating
'Labour governments should make progressive choices on tax. asserted
governments → make → tax
Labour has already asked the wealthiest and richest to pay more - taxing private jets, private schools and private equity to raise revenue for public services like our NHS. asserted
Labour → ask → NHS
'Our financial services sector is strong and internationally competitive, so much so that in the first six months of this year the biggest banks have made around £15 billion of profits. asserted
banks → make → profits
But it came as opposition figures warned the tax raid could have the opposite effect to that intended. uncertain
raid → come → that
Michael Marra, who has been in charge little more than a month, demanded the Chancellor make a 'progressive choice on tax' when he unveils his economic plans on Wednesday asserted
he → demand → Wednesday
Mr Healey is set to levy billions of pounds in extra taxes on the big banks as he scrambles around for cash, arguing the raid on the heavily-taxed sector is justified by bumper profits. asserted
raid → set → profits
Shadow chancellor Andrew Griffith yesterday told Times Radio: 'It sounds great, doesn't it, putting up taxes on banks? asserted
it → tell → banks
But what does that mean? asserted
that → mean → what
It means mortgage rates which are already extremely high will have to increase to compensate banks for that higher level of tax.' asserted
which → mean → tax
Labour's former cost-of-living tsar Richard Walker also warned against another tax raid on business, including banks. asserted
Walker → warn → banks
Barclays last week reported pre-tax profits of £2.3billion, an increase of 12 per cent on the same quarter last year. asserted
Barclays → report → quarter
The figures came alongside the announcement that it was planning to cut 5,000 staff this year, or about 5 per cent of its total workforce, as part of cost savings across the bank. asserted
it → come → bank
Chief executive CS Venkatakrishnan said tax hikes would be 'bearable'. asserted
hikes → say → ?
Lloyds Banking Group, HSBC, NatWest Group and Santander will report their third-quarter financial results this week. asserted
Group → report → results
💬Give feedback
🕘History 🎫Support
Terms · Privacy · beta v2.0.0
Articles to 26 Oct 2026