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Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

HSBC has reported record profits of £7.5 billion this quarter, prompting campaigners to demand a windfall tax to raise £19 billion. This funding could support crucial cost of living initiatives in the UK as banking leaders face growing publ...

The Guardian· Aug 4, 2026 · 11:14 AM · 3 views

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HSBC has reported record profits of £7.5 billion this quarter, prompting campaigners to demand a windfall tax to raise £19 billion. This funding could support crucial cost of living initiatives in the UK as banking leaders face growing public pressure. Full story and more reels: https://newsreel.video #news #breaking #HSBC #banking #costofliving #UK

Originally reported by The Guardian. Read the full story →

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