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Market Impact: 0.25
Healey’s Bank Tax Hike Set to Be Less Severe Than Lenders Feared
Source: Bloomberg
Tax & TariffsFiscal Policy & BudgetBanking & LiquidityElections & Domestic Politics
The UK is set to raise bank taxes less steeply than feared, according to the article, as Chancellor John Healey balances City competitiveness against funding voter giveaways in his first budget. No tax rate, revenue target or market reaction was specified.
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