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Euronews
Euronews
Doloresz Katanich

UK bank shares tumble as sector fears new tax

United Kingdom Barclays Lloyds NatWest Russ Mould IPPR

Leading banks in the UK saw their share prices hit hard as news of a proposed new bank tax emerged.

NatWest share prices lost more than 4.7% nearing midday in Europe, Lloyds saw a dip of 4.5%, and Barclays lost 3.7%. This dragged down the benchmark stock index in London; the FTSE 100 was down by nearly 0.4% at time of reporting.

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