Andy Burnham urged to tax banks as HSBC reports £14.5 billion profit
Prime Minister Andy Burnham is facing calls for a windfall tax on banks' huge profits in the autumn Budget. HSBC's half-year profits jumped by nearly a quarter to £14.5 billion, adding to over £29 billion from rivals. The TUC suggests raising a 3% bank surcharge to 8% could raise £9 billion over four years.
Lost in this story? That's the point of BriefTea.
Open it in the app and tap Learn from this — the Knowledge Galaxy turns the story into a map of everything it assumes you know, one tap at a time. Free, no ads, no paywall.
Get BriefTea on the App Store