Banks fear tax RAID if Starmer is ousted

Banks in the UK are bracing for potential tax raises, as expectations that Keir Starmer could soon be replaced by a more leftwing Labour politician continue to grow. The banking sector narrowly evaded a tax increase in last year’s Autumn Budget after chancellor Rachel Reeves sought reassurance that they would boost lending in the UK and publicly support her fiscal plans. But the ongoing Mandelson vetting scandal and the increased awareness that both Starmer and Reeves could soon be ousted has left banks fearful. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam