British banking and financial services lobby group
Banks have reported stronger half-year profits amid sustained higher interest rates, with Barclays, Lloyds, and NatWest expected to post gains. Analysts foresee continued earnings growth as the sector navigates mortgage stress and potential increases in bad debt provisions. The sector remains buoyant but faces scrutiny over tax policy and regulatory expectations.
The BP windfall is driving renewed calls for a windfall tax as profits soar amid Middle East conflict. Campaigners say households face higher bills while governments weigh potential measures to curb corporate gains and accelerate the transition to cleaner energy.
Banks report six-month profits surging across the UK, fueling calls for windfall taxes to fund cost-of-living measures. Campaigners urge government to consider a levy on profits to support households, while bank chiefs caution on lending and growth.
The Royal Mint is releasing 600,000 coins dated 2023 and 6.5 million dated 2026 featuring King Charles’s portrait. The capercaillie design appears on the reverse, as circulation expands amid strong demand. Queen Elizabeth II coins remain legal tender while the transition continues.
Trade unions and the new Labour leadership are pushing for higher taxes on banks’ profits to fund a social tariff that could lower energy bills for millions, as energy costs and inflation remain central to the policy agenda.
Campaign Take Five to Stop Fraud urges Britons to resist constant politeness during cold calls and scams. Polls show 32-53% fear seeming rude or keeping conversations going, while impersonation scams and financial losses rise. Backed by Craig Revel Horwood, the effort argues ending conversations quickly helps verify identity and protect money.
The BBC and Guardian report that the UK government is weighing an increase to the bank surcharge ahead of the 28 October budget. Ministers are considering reversing Hunt’s cuts and possibly returning the surcharge to 8%, which would raise billions in tax revenue while banks warn on competitiveness. Trade unions press for a larger levy amid record profits in the sector.