NatWest, Lloyds and Barclays stock up amid expectation Rachel Reeves will spare lenders from further levy
UK bank shares have jumped as investors grow increasingly confident that the industry will be shielded from tax rises in Rachel Reeves’s budget this week.
Shares in some of the UK’s largest high street lenders rose more than 2% at the start of trading on Tuesday, after reports that the Treasury had asked the sector to issue supportive statements about the following day’s budget, raising expectations they would be spared a further levy.
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