Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17%
by Kalyeena Makortoff Banking correspondent from Economics | The Guardian on (#6YVSX)
Charlie Nunn says higher taxation would be inconsistent with chancellor's drive for growth
The boss of Britain's largest mortgage lender has warned Rachel Reeves that increasing taxes on banks in her autumn budget would damage Labour's plan for the City of London to power an economic recovery.
Charlie Nunn, the chief executive of Lloyds Banking Group, said a rise in bank taxation wouldn't be consistent" with the chancellor's overtures as the government pushes to reboot growth.
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