Article 6RP3N Lloyds backs Reeves budget plans despite mooted tax increases

Lloyds backs Reeves budget plans despite mooted tax increases

by
Kalyeena Makortoff Banking correspondent
from World news | The Guardian on (#6RP3N)

Bank expects constructive, pro-growth agenda' by chancellor next week and seeks to be part of it

Lloyds Banking Group has backed the Labour government's forthcoming budget and played down the impact of any tax increases, which it said would probably be part of a constructive, pro-growth agenda".

The chief financial officer of the UK's biggest mortgage lender, William Chalmers, said he would welcome a budget package that was consistent with government pledges to kickstart growth and investment in key areas such as energy, infrastructure and housing.

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