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Evening Standard
Evening Standard
Anna Wise

Lloyds boss warns Reeves against raising bank taxes amid growth mission

Lloyds boss Charlie Nunn has warned Rachel Reeves against raising bank taxes in her autumn Budget (Oli Scarff/PA) - (PA Wire)

The boss of Lloyds has warned Rachel Reeves against raising bank taxes in her autumn Budget, saying it would be at odds with the Government’s plans to drive economic growth.

It comes as the banking giant revealed its earnings beat expectations for the first half of 2025, with both customer lending and savings balances growing.

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