Lloyds, Barclays shares fall as UK Chancellor Healey weighs bank tax hike

Key facts

• Chancellor John Healey is poised to implement a bank tax.
• The tax is intended to help balance government finances.

Lloyds and Barclays shares experienced a decline as UK Chancellor John Healey is reportedly considering a bank tax. The move is anticipated as Healey prepares to deliver his Budget at the end of the month, aiming to address the government's financial balance. The potential tax increase on banks has led to a drop in the share prices of major UK lenders.