Business · 4 August 2026

Campaigners urge 19bn bank windfall tax after HSBC profits

Ham II via Wikimedia Commons (CC BY-SA 4.0)

Campaigners are urging a new windfall tax on UK lenders after HSBC reported £7.5bn in quarterly profits on Tuesday. Groups like Positive Money claim the levy could raise £19bn to help households with bills. Meanwhile, banking bosses argue that strong lenders are essential to support the government's economic growth ambitions.

By BriefTea Editorial · 4 August 2026 at 10:50

Reported by The Guardian · How we write briefs

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