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FTSE forges ahead but banks stutter on tax threat as Andrew Bailey plays down inflation fears

2 articles from 2 sources
First reported on Friday 16 October 2026 at 12:28 EDT by Evening Standard·Latest article on Friday 16 October 2026 at 12:28 EDT

Summary

The FTSE forged ahead on Friday 16 October but banks stuttered on the tax threat, the Evening Standard and The Independent reported. Bank of England Governor Andrew Bailey played down inflation fears, although banks missed out amid fears of a tax hit, according to the two outlets.

Latest: The FTSE forged ahead but banks stuttered on the tax threat, missing out amid fears of a tax hit, as Bank of England Governor Andrew Bailey played down inflation fears, the Evening Standard and The Independent reported.

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How it unfolded

  1. Friday 16 October

    The FTSE forged ahead but banks stuttered on the tax threat, missing out amid fears of a tax hit, as Bank of England Governor Andrew Bailey played down inflation fears, the Evening Standard and The Independent reported.