Burnham urged to increase tax on banks as Barclays’ profits soar

1 day ago

TUC says lender ‘can easily afford to pay more tax’ as it increases bonus pool by nearly 30%

Andy Burnham has been urged to launch a tax raid on UK banks, as Barclays revealed a 30% rise in its half-year bonus pool after a surge in profits.

Fresh corporate filings released on Tuesday showed the bank put £1.3bn towards its bonus pool for the first half of the year. That figure, which includes annual and deferred bonuses, was up from £1bn last year.

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