Lloyds, Barclays and Natwest could weather Labour tax raid, analysts say September 10, 2024 Lloyds, Barclays and Natwest would see their 2024 profits fall by “low single digits” if the Labour government decides to raise taxes on banks in October’s Budget, according to Bloomberg Intelligence. Bloomberg analysts said Lloyds Banking Group and Natwest would likely offset the hit to their profits by repricing their loans, while they did not [...]
Enquest ‘disappointed’ with windfall tax plans as revenue dips September 5, 2024 North Sea energy firm Enquest has said it was “disappointed” with the ongoing application of the Energy Profit Energy as it reported falls in production and revenue. Enquest, which is one of the largest operators in the North Sea and is currently drilling the single largest oil field in the area, reported a 19.8 per [...]
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.