{
  "id": 17702527,
  "title": "Santander UK faces a £120m hit from banking surcharge",
  "url": "https://urgent.news/2026/11/01/santander-uk-afronta-un-golpe-de-120-millones-por-el-recargo-a-la",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-01T22:59:58.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/banca/2026/11/01/santander-uk-afronta-golpe-120-millones-recargo-banca.html"
  },
  "original_language": "es",
  "account": "Santander UK faces a gross cost of around £100 million due to the UK government's decision to increase the tax on sector profits from 3% to 6%. The measure, announced in the new budget, is expected to impact the sector by £1.475 billion over 15 months. According to RBC Capital Markets, the impact on Santander's global profit will be 0.6% in 2027, with an estimated hit of £80 million for the group that year. The tax increase is intended to help alleviate the rising cost of living in the UK.",
  "summary": "The impact will be equivalent to 0.6% of the entire group's net profit in 2027 and is due to the British Government's decision to raise the sector's profit tax from 3% to 6%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}