UK banks pay record amount in taxes after making bumper profits

NAMPA / DPA

2024-10-21

London (PA Media/dpa) - UK banks paid a record amount in taxes last year after generating bumper profits, while the gap between taxation on the City and other global financial hubs widens, figures showed on Monday. The analysis comes as speculation over potential tax rises grows ahead of the upcoming budget statement from the government. The UK banking sector's total tax contribution was £44.8 billion ($58.3 billion) for the financial year to the......

Restricted content

Economy

European stocks close lower after cautious session

2024-10-21 20:00:03

Labour leaders complain of persistent wage gap in former East Germany

2024-10-21 14:00:04

Latvia producer prices fall 3.4% in September

2024-10-21 14:00:03

Scholz joins Mercedes-Benz for opening of battery recycling plant

2024-10-21 13:00:12

Scholz joins Mercedes-Benz for opening of battery recycling plant

2024-10-21 13:00:12

German airline Lufthansa to end daily Frankfurt-to-Beijing service

2024-10-21 12:00:05

German airline Lufthansa to end daily Frankfurt-to-Beijing service

2024-10-21 12:00:04

Polish industrial production, producer prices fall in September

2024-10-21 12:00:04

Estonian producer prices fall 0.5% - first decline in three months

2024-10-21 10:30:04

German producer prices fall at faster pace

2024-10-21 10:00:04

Mercedes boss urges delay of EU tariffs on Chinese electric vehicles

2024-10-21 09:30:03

Latest NAMPA photos

LÜDERITZ, 19 October 2024 - Hyphen Hydrogen Energy Chief Executive Officer (CEO) Marco Raffinetti pictured during a media tour on Saturday. (Photo: Contributed)

NAMPA

WALVIS BAY, 17 October 2024 - The Cleanergy Solutions plant. (Photo by: Eba Kandovazu) NAMPA

NAMPA

WALVIS BAY, 17 October 2024 - The Cleanergy Solutions Plant in Walvis Bay. (Photo by: Eba Kandovazu) NAMPA

NAMPA

WINDHOEK, 17 October 2024 - Swapo Party Secretary General Sophia Shaningwa. (Photo by: Andreas Thomas) NAMPA

NAMPA

WINDHOEK, 17 October 2024 - Swapo Party legal adviser Sisa Namandje receiving Netumbo Nandi-Ndaitwah's nomination letter from ECN chairperson Elsie Nghikembua. (Photo by: Andreas Thomas) NAMPA

NAMPA

RUNDU, 17 October 2024 - Rundu Mayor Gabriel Kanyanga and Chairperson of the Kavango East Regional Council, Damian Maghambayi attending a meeting with Minister of Urban and Rural Development Erastus Uutoni. (Photo by: Sawi Hausiku) NAMPA

NAMPA

RUNDU, 17 October 2024 - Minister of Urban and Rural Development Erastus Uutoni paid a courtesy call on Governor of the Kavango East Region, Bonny Wakudumo to discuss the water and sewerage issues at Ndama Junior Primary School. (Photo by: Sawi Hausiku) NAMPA

NAMPA

SWAKOPMUND, 17 October 2024 - Tobias Amoonga, Head of Public Education and Corruption Prevention in the Erongo Region. (Photo by: Isabel Bento) NAMPA

NAMPA