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

Bank battle: history suggests Burnham faces fight if he opts for windfall tax | Business News | TheReader.AI | TheReader.AI