Mmastodon BusinessBanking first seen 2 d ago, last 1 d ago, peak #1
Barclays profits rise 12% as UK banks brace for budget tax rise
Original: Barclays profits up 12% as UK banks brace for tax increase in budget https://www. theguardian.com/business/2026/ oct/22/
Barclays has reported a 12% increase in profits, but the result is overshadowed by expectations that the UK government will raise taxes on banks in the upcoming budget. Lenders are preparing for measures that could hit future earnings, and investors are watching closely to see how the chancellor's tax and spending plans will affect the sector's outlook.
Why now: The strong profit figures come just as the budget is expected to increase bank taxes, putting the sector in focus.
BarclaysUK TreasuryJohn Healey
Evidence
- Barclays profits up 12% as UK banks brace for tax increase in budget https://www. theguardian.com/business/2026/ oct/22/barclays-profits-up-as-uk-banks-brace-for-tax-increase-in-budget # Barclays # Banking # Business # Budget2026 # JohnHealey # Budget # TaxAndSpending # UkNews… · theguardian_world_news@halo.nu · 1
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