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UK government considers windfall tax on banks

The government is weighing plans to impose a windfall tax on banks, which could hit their profits and shareholder returns.

The UK government is considering introducing a windfall tax on banks. The policy would target the financial sector directly and could have implications for how the institutions operate.

Such a tax could affect bank profitability and the returns investors receive from their shareholdings. The move reflects government thinking on how to generate revenue from the banking sector.