UK lenders were among the worst-performing banks in Europe on Tuesday amid tax worries ahead of Chancellor of the Exchequer Rachel Reeves’s budget announcement on Nov. 26.
- The Telegraph reported that Reeves is considering a “last-minute raid on banking profits in the Budget”
- The Stoxx 600 Banks Index is more than 2% lower amid a
global sell off- Barclays -2.9%, Standard Chartered -2.6%, Lloyds -2.1% and HSBC -2.5%
- Read more, Oct. 31:
UK Bank Tax Jitters Grip City of London as Reeves’s Budget Nears
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