Business · 4 August 2026
Campaigners urge 19bn bank windfall tax after HSBC profits
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.
Reported by The Guardian · How we write briefs