BUSINESSTHE GUARDIAN WORLD
Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn
Campaigners are urging the UK government to implement a windfall tax on banks, which could generate £19bn to support cost-of-living measures. HSBC reported a 60% year-on-year profit increase in Q2, earning £7.5bn, driven by wealth management fees and higher interest rates.
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