Home Office and Bell hotel owner challenged injunction granted to council that would have stopped stop dozens of asylum seekers being housed there
UK bank shares tumbled on Friday, cutting the stock market value of the sector by almost £8bn in morning trading, as fresh calls for a windfall tax on large lenders in the autumn budget spooked investors.
Calls for a tax grab, in a paper written by the Institute for Public Policy Research (IPPR) thinktank, took a toll on some of the UK’s biggest high street banks. NatWest Group suffered the biggest drop on Friday morning, registering a decline of as much as 5% in its share price, while Lloyds Banking Group and Barclays followed close behind, falling 4.5% and 3.6% respectively. HSBC dropped more than 1%.
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Source link : https://www.theguardian.com/politics/live/2025/aug/29/latest-live-uk-politics-news-updates-asylum-hotels-labour-conservatives-reform
Author : Nadeem Badshah (now); Amy Sedghi and Tom Ambrose(earlier)
Publish date : 2025-08-29 15:24:00
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