FTSE 100 fails to make gains as banking stocks hit by tax raid fears

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NatWest, Barclays, Lloyds and HSBC were among the fallers amid speculation the upcoming Budget could see a tax increase on banks.

The blue-chip index fell 1.61 points, or 0.02%, to end the day at 8343.85.

“Banks have made big money from higher interest rates, profiting when the rest of the country has struggled through a cost-of-living crisis. At the end of the day in Europe, Frankfurt’s Dax index rose 0.57% while the Cac 40 in Paris closed up 0.16%.

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