Bank shares drop on reports Chancellor planning Budget tax raid
Become an Independent member to bookmark this article Want to bookmark your favourite articles and stories to read or reference later? Log in Banks have seen their shares sink lower amid mounting speculation the Chancellor is planning to hike taxes on the sector in his upcoming Budget. Lloyds Banking Group and NatWest led falls on the FTSE 100 Index, both down 2% in morning trading on Friday, with Barclays shares slipping lower as well after reports that John Healey is eyeing a raid on lenders.
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