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From tightening to easing: What’s next for U.K. banks? RBC weighs in

September 6, 2025 10:00 PM UTC

RBC Capital said in a note this week that speculation about U.K. banks facing higher taxes in the governments upcoming Autumn Budget has been overdone, though several policy options are being debated.

RBC Capital wrote that the government was elected on a pro-growth agenda, and the banks are a key synapse of that objective.

The firm added: We continue to believe that the Chancellor understands that any additional taxes on banks would represent a headwind... More