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Boss of one of world's biggest banks warns countries to 'be careful' when raising tax

The chairman and chief executive of one of the world's biggest banks has said countries have "got to be careful" with their budgets and ask themselves what a tax rise is for.

Bank of America's Brian Moynihan was speaking about the UK budget to Sky's Wilfred Frost on his The Master Investor Podcast. While Mr Moynihan said the recent UK fiscal announcement was "fine with Bank of America.

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By - Tnews 04 Dec 2025 5 Mins Read
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