Osborne whacks banks with new 8% tax – shares plunge
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Equity

Osborne whacks banks with new 8% tax – shares plunge

Osborne Budget 2015 PA 230x150 CORRECT SIZE

UK bank shares fell sharply on Wednesday afternoon after George Osborne, chancellor of the exchequer, announced a new 8% surcharge tax on banks’ profits, which took the market by surprise.

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