Bank battle: history suggests Burnham faces fight if he opts for windfall tax - short news
As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households
It has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.
Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported..
source: The Guardian - 05.08.2026