Banks poised to escape tax rises in Rachel Reeves’s budget

<p>UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growth</p><p>The chancellor has decided against increasing taxes on banks in this month’s budget, according to reports, which sent UK bank shares higher on Thursday.</p><p>Shares in the high street banks <a href="https://www.theguardian.com/business/natwest-group">NatWest</a> and Lloyds rose by about 2%, putting them among the top risers on London’s FTSE 100.</p> <a href="https://www.theguardian.com/business/2025/nov/06/banks-poised-to-escape-tax-rises-in-rachel-reeves-budget">Continue reading...</a>