UK Finance Minister John Healey to Deliver First Budget on October 28
Britain's new finance minister John Healey is due to deliver his first budget against a backdrop of rising global borrowing costs and high energy prices linked in the report to the Iran war. Investors cited credibility as a key issue.
Story updates
07:08:14 AM UTC
SquawkNews
By Samuel IndykBritish banking stocks fell slightly on Friday after the Guardian reported finance minister John Healey was set to tax the banks in his October 28 budget as he attempts to keep deficit reduction plans on track.Analysts covering banks have said an option open to Healey could include a…