interest-rates on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/interest-rates/Recent content in interest-rates on Birmingham DailyHugo -- gohugo.ioen-usWed, 06 May 2026 06:02:38 +0000Calls to Reinstate UK Bank Windfall Tax Following £14bn Profit Surge by Barclays, HSBC, Lloyds, and NatWesthttps://birminghamdaily.co.uk/calls-to-reinstate-uk-bank-windfall-tax-following-14bn-profit-surge-by-barclays-hsbc-lloyds-and-natwest/Wed, 06 May 2026 06:02:38 +0000https://birminghamdaily.co.uk/calls-to-reinstate-uk-bank-windfall-tax-following-14bn-profit-surge-by-barclays-hsbc-lloyds-and-natwest/The Trades Union Congress (TUC) has intensified calls for the UK government to reinstate a higher windfall tax on banks after the country’s four largest lenders—Barclays, HSBC, Lloyds, and NatWest—revealed a combined first-quarter profit of £14 billion. The union advocates raising the current bank surcharge rate from 3% back up to 8%, reversing the cut implemented by the Conservative government in 2023. Paul Nowak, general secretary of the TUC, emphasized the fairness of taxing banks more heavily amid soaring profits and widespread financial struggles faced by ordinary households and businesses.