UK bank shares rise after reports of budget tax reprieve
NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levyBusiness live – latest updatesUK bank shares have jumped as investors grow increasingly confident that the industry will be shielded from tax rises in Rachel Reeves’s budget this week.Shares...
<p>NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levy</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/nov/25/sterling-volatility-the-budget-rachel-reeves-german-economy-stagnating-stock-markets-business-live-news">Business live – latest updates</a></p></li></ul><p>UK bank shares have jumped as investors grow increasingly confident that the industry will be shielded from tax rises in Rachel Reeves’s budget this week.</p><p>Shares in some of the UK’s largest high street lenders rose more than 2% at the start of trading on Tuesday, after reports that the Treasury had asked the sector to issue supportive statements about the following day’s budget, raising expectations they would be spared a further levy.</p> <a href="https://www.theguardian.com/business/2025/nov/25/uk-bank-shares-budget-tax-natwest-lloyds-barclays-rachel-reeves">Continue reading...</a>
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