Lloyds Banking Group and NatWest were among the biggest fallers on the FTSE 100 as investors reacted to speculation that the UK Chancellor might raise the bank surcharge tax in the October 28 budget. The surcharge could increase from 3% back to 8%, potentially raising over £2 billion annually. This move aims to tax banks more heavily on profits but has raised concerns about its impact on investment and the competitiveness of the UK financial sector. The FTSE 100 index fell slightly amid these concerns, reflecting investor caution.
NatWest Group shares are trading at USD 17.55 with a slight gain of 0.46% as of Oct 16, 2026 15:31 WIB on Pluang, despite the news of potential bank surcharge tax increases in the UK. The stock shows strong investor interest with 100% buy orders and a dividend yield of 5.36%. This cautious optimism contrasts with the broader FTSE 100 index's slight decline amid concerns over the proposed tax hike.
