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London Bank Shares Dip Ahead of Tax Hike | Markets & Money News
Major British banks in London experienced a decline in share prices following news of anticipated tax increases on their profits. Lloyds led the downturn, while Barclays saw small gains despite earlier losses. Finance Minister John Healey is expected to announce a significant increase in the tax surcharge on bank profits during his upcoming budget, raising concerns about its impact on bank earnings and the broader financial sector. Analysts suggest that the budget may clarify the situation, but
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