UK Bank Shares Fall on Tax Plan News
Listen to the story
Bank shares went down in the UK today.
This happened because of news about taxes.
John Healey is a government minister. He wants to put higher taxes on banks.
This tax plan will be in the new budget.
A budget is a government plan for money.
Many people in the markets are now watching the banking sector.
A sector is a part of business, like banking.
When shares drop, a company's value goes down.
Investors often sell shares when they hear bad news.
An investor is a person who buys shares to make money.
Banks may need to pay more money to the government soon.
This news came out on a normal business day.
People are waiting to learn more about the budget.
The budget will show how much extra tax banks must pay.
This story is still happening, so more news may come.
Vocabulary5 words
- shares
- small parts of a company that people can buy
- budget
- a government plan that shows how it will use money
- markets
- places where people buy and sell things like shares
- sector
- a part of business, like banking or travel
- investors
- people who put money into companies to make more money
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Quiz
Answer key
1. They went down 2. John Healey 3. In the budget
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Bank _____ went down in the UK today.
This happened because of news about _____.
John Healey is a government _____. He wants to put higher taxes on banks.
This tax plan will be in the new _____.
Many people in the _____ are now watching the banking _____.
When shares drop, a company's value goes _____.
_____ often sell shares when they hear bad news.
Banks may need to pay more money to the _____ soon.
People are waiting to learn more about the _____.
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