Chloe Musto
Protesters welcome Bank of England’s pause to rate rises
21 September, 2023Protestors called for an end to inequality caused by interest rate rises London, 21 August 2023 - A demonstration was held this morning outside the Bank of England, to highlight the inequality caused by interest rates whilst the Bank debated whether to raise them again today. Participants celebrated as the Bank decided to press pause [...]
UK public support windfall tax on banks, polling shows
21 September, 2023Momentum for windfall tax grows as Bank of England rate hikes boost bank profits London, 21 September 2023 - Only 12% of UK adults oppose a windfall tax on banks, whereas 58% are in support, YouGov polling commissioned by research and campaign group Positive Money has today revealed. The results come as UK banks have [...]
Windfall tax on banks could raise £20bn this year
14 August, 2023New analysis shows there’s more than one way to tax a bank, but all generate billions London, 14 August 2023 - A windfall tax on bank profits could raise anywhere between £5bn and £20bn from the big four UK banks alone this year, depending on how its implemented, according to new analysis from research and [...]
Protesters rail against latest Bank of England rate rise
3 August, 2023Demonstrators called for no more rate hikes and a windfall tax on excess bank profits London, 3 August 2023 - Members of the public gathered outside the Bank of England this morning to protest the Bank of England’s latest interest rate hike, which marks a 15-year high at 5.25%. Demonstrators lamented the decision, arguing that [...]
Treasury meetings dominated by finance as bank profits soar
2 August, 2023Banks have the ear of officials with the power to hit them with a windfall tax, new research reveals London, 2 August 2023 - Big banks and other private financial interests enjoyed more facetime with the Treasury than any other sector last year, dominating over a third of all ministerial meetings in 2022, according to new [...]
HSBC H1 profits: Positive Money response
1 August, 2023London, 1 August 2023 - Responding to HSBC’s announcement this morning that its pre-tax profits for the first half of this year more than doubled to £16.9 billion, up from £7.2 billion for the same period last year, Fran Boait, co-executive director of Positive Money said: “Make no mistake: the growth in HSBC’s profits is [...]
Natwest H1 profits: Positive Money response
28 July, 2023London, 28 July 2023 - Responding to NatWest’s announcement this morning that its pre-tax profits for the first half of 2023 were £3.589 billion, up from £2.62 billion for the same period last year, Fran Boait, co-executive director of Positive Money said: “What a blow to taxpayers that the year NatWest returns to profit is the same [...]
Barclays H1 profits 2023: Positive Money response
27 July, 2023London, 27 July 2023 - Responding to Barclays announcement this morning that its pre-tax profits for the first half of 2023 were £4.6 billion, compared to £3.7 billion for the same period last year, Fran Boait, co-executive director of Positive Money said: “It shouldn’t surprise anyone that Europe’s biggest funder of fossil fuels is profiting [...]
Lloyds Bank & Santander profits: Positive Money response
26 July, 2023London, 26 July 2023 - Responding to announcements from Lloyds Bank and Santander this morning that their pre-tax profits for the first-half of 2023 rose by 23% and 18%, respectively, Fran Boait, co-executive director of Positive Money said: “Lloyds and Santander's latest results are a slap in the face of the public, who are footing the [...]