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Evening Standard
Evening Standard
Anna Wise

Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Lloyds Finance United Kingdom William Chalmers Budget
Lloyds has cautioned that the banking sector needs a ‘competitive, stable’ tax regime (Stefan Rousseau/PA) - (PA Archive)

Lloyds has cautioned that the banking sector needs a “competitive, stable” tax regime to encourage investment in the UK, amid fears that bank taxes could be hiked in the upcoming Budget.

Finance chief William Chalmers said the bank would welcome a Budget that aligns with the Government’s “pro-growth agenda”.

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