Bank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector.
Speaking with CNBC's Steve Sedgwick and Ritika Gupta in London's Canary Wharf district on Wednesday, CEOs from Barclays, Citi and J.P. Morgan said the U.K. had successfully weathered the upheaval brought about by U.S. President Donald Trump's tariff turmoil in April, with financial services since seeing stronger corporate profitability and an improved deal-making environment.
However, they also expressed caution ahead of potential tax rises in Finance Minister Rachel Reeves' Autumn Budget, scheduled for Nov. 26.
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