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Bank battle: history suggests Burnham faces fight if he opts for windfall tax

UK banks are reporting record profits, leading to renewed calls for a windfall tax. With major lenders pledging nearly £14 billion to shareholders, campaigners argue that this tax could provide essential relief for the cost of living.

The Guardian· Aug 5, 2026 · 8:01 AM · 27 views

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UK banks are reporting record profits, leading to renewed calls for a windfall tax. With major lenders pledging nearly £14 billion to shareholders, campaigners argue that this tax could provide essential relief for the cost of living. Full story and more reels: https://newsreel.video #news #breaking #UKpolitics #banking #economy #costofliving #windfalltax

Originally reported by The Guardian. Read the full story →

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