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Bank shares rise in wake of tax predictions

Western Daily Press

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November 26, 2025

SHARES in UK banks have risen, following reports that they will be spared from a tax hike in today's Budget.

Lloyds Banking Group, Barclays and NatWest were among the biggest risers on the FTSE 100 yesterday morning, with their share prices up by about 2%.

Banks were thought to have been in the firing line through a potential increase to the bank levy. This is an additional tax on the balance sheets of banks and building societies operating in the UK.

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