Shares in some of Britain’s biggest banks fell on Friday after reports the U.K. government may raise the sector surcharge on London-listed lenders’ profits to 8% from 3% in the Oct. 28 budget.

Oct 16, 2026 - 07:30
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Shares in some of Britain’s biggest banks fell on Friday after reports the U.K. government may raise the sector surcharge on London-listed lenders’ profits to 8% from 3% in the Oct. 28 budget.

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