
Aug 5, 2026
✦The Guardian
Bank battle: history suggests Burnham faces fight if he opts for windfall tax
UK banks reported £29.2bn in profits over the first six months of the year. Campaigners now want Andy Burnham to use a windfall tax on these earnings to help families. Paul Nowak said, “Banks can easily afford to pay more tax.” The government has not yet decided on this plan.