City tries to kill Budget tax threat to banks and partnerships

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Chancellor Rachel Reeves has already rolled the pitch for tax rises, but will she stop short of the jewels in the City’s crown?Photo: WPA Pool/Getty Images

David Wighton is a columnist for Financial News

This is the time of year when City lobbyists earn their keep. Ahead of the Budget, they have collared anyone who might have influence over the chancellor and repeated their well-worn arguments about the danger of raising taxes on banks.