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المشهد العربي
Barclays cautions UK on bank tax hikes
A group of major banks, including Barclays Bank, are appealing to the UK government not to impose tax increases on the banking sector in next year's budget. Officials emphasize that raising taxes would reduce the capital available to banks, hindering economic growth financing and weakening banks' ability to lend and invest. The government is making efforts to boost sovereign revenues, but banks warn that any tax hikes could lead to decreased liquidity for economic projects, especially amid deteriorating public finances due to higher borrowing costs following the Middle East conflict.
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