Shares in Britain’s biggest banks tumbled yesterday amid mounting fears that the chancellor might raise taxes on the sector in the autumn Budget to bolster the strained public finances.NatWest, Lloyds Banking Group and Barclays experienced some of their worst sell-offs in months as the Treasury faced calls to introduce a new levy on bank profits.NatWest fell as much as 5.9 per cent before closing down 4.9 per cent, the worst performer on the FTSE 100.NatWest closed down 4.9 per cent, the worst performer on the FTSE 100, while Lloyds fell 3.4 per centLloyds, which is often seen as a bellwether for the UK economy, fell 5 per cent before paring back its losses to 3.4 per cent. Barclays stock ended the day 2.2 per cent lower.The banks dragged the index to its fourth straight days of losses for the first time since US President Donald Trump announced sweeping tariffs in April.The falls came as the Financial Times reported that banks were braced for ministers to introduce a surcharge on profits or even a new bank levy to help fill a fiscal hole estimated by economists to be at least £20bn.
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