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News about banks: events, facts and developments on tafs uz.

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UK banks brace for tax rises in the budget

According to the BBC, Chancellor John Healey is considering raising taxes on the banking sector ahead of the budget. Options under discussion include restoring the corporation tax surcharge from 3% to 8%, raising the bank levy, or a moratorium on loss relief. The four biggest banks earned about £15bn in six months; the industry warns of a threat to competitiveness.

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