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Evening Standard

Jeremy Cutler

Banks hold FTSE 100 back on windfall tax worry

FT FTSE 100 Bank of England Permira JTC London Rachel Reeves Sidara Wood ConvaTec

Banking stocks in London were rocked by reports that Chancellor Rachel Reeves could target the sector to help shore up public finances (Jane Barlow/PA) - (PA Wire)

The FTSE 100 ended Friday on the back foot as banking stocks came under pressure amid reports that the UK Government is considering a windfall tax on the sector.

The FTSE 100 index closed down 29.48 points, 0.3%, at 9,187.34.

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