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UK Banks Face Calls for Tax to Fund Cost of Living Help

Britain's Big Four Banks: A Billions Rich Industry at Odds with Public Interest The latest quarterly profits report from HSBC, which raked in £7.

5 billion, has reignited a long simmering debate about the UK's banking sector. The four largest banks – HSBC, NatWest, Barclays and Lloyds – collectively pocketed £29. 2 billion over the first six months of the year.

Campaigners are calling for a windfall tax on bank profits to fund vital cost of living measures. Nearly half of these massive profits, £13.

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