UK Shares Rise as Bank Tax Surcharge Is Less Severe Than Feared
UK equities advanced after Finance Minister John Healey unveiled his first budget. The FTSE 100 rose 0.2% by 1428 GMT as a smaller-than-expected bank tax surcharge sparked a sector rally.
By Darshan Kumar RUK shares edged higher on Wednesday after British finance minister John Healey unveiled his first budget, with a smaller-than-expected tax surcharge on banks sparking a rally in the sector.The blue-chip FTSE 100 index CURRENCYCOM:UK100 rose 0.2% by 1428 GMT, while the midcap FTSE…