Bank Tax Fears Rattle Markets
British bank shares plummeted after a think-tank proposed a new tax on lenders, fueling fears of government intervention to boost strained public finances. This uncertainty triggered a market selloff and has the banking industry on edge, concerned about potential impacts on lending, jobs, and global competitiveness. All eyes are now on the government's next move and how banks will respond. Hosted on Acast. See acast.com/privacy for more information.