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Finance / General

Banking tax raid fears hit London lenders' shares ahead of crucial budget

Source: cnbc October 16, 2026 · 04:19
Banking tax raid fears hit London lenders' shares ahead of crucial budget
Photo by ClickerHappy · Pexels
From the publisher
Shares in some U.K. banks fell Friday after reports that the government is considering a higher surcharge on bank profits in the Oct. 28 Budget.
About the source

CNBC

The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

Wikipedia
Wikidata Q1023912
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About United Kingdom

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Capital
London
Region
Europe & Central Asia
Income level
High income
ISO code
GBR
Data: World Bank
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