Hannah Dewhirst

"The chancellor mentioned several measures yesterday to deregulate the financial sector... deregulation is not going to lead to the sort of growth that will benefit ordinary people... trickle down just doesn't work" Hannah Dewhirst from @PositiveMoneyUK

Increase in tax on banks will be VERY popular - @IPPR polling from last year found 62% support amongst voters. Chancellor just announced increase in bank surcharge from 3% to 6%. For context, it used to be 8%. Feels they could have gone further but step in right direction

A 3% extra temporary bank surcharge is rather feeble given the astronomical scale of the profits UK banks have been making - the big four made £29bn in the first six months of 2026 alone. #Budget2026

Guess who❓ "The question was whether to levy a windfall tax on bank profits. Naturally, the banks strongly opposed this; but the fact remained they had made large profits as a result of high interest rates rather than better service to the customer." 👜Mrs Margaret Thatcher

Fat cat bank bosses earn more in two days than typical workers do in one year as calls grow for windfall tax mirror.co.uk/news/politics/b…

A third of meetings taken by senior Treasury officials this year were with the financial services industry. None were with trade unions. Who’s really shaping this week’s budget?: abolishwestminster.com/finan… - latest from me.

HSBC quarterly pre-tax profits surge 32% to $9.6bn (£7.14bn). Banks receive bailouts, subsidies, pay measly return to savers, hike charges, rely on the state as lender of the last resort but threaten retaliation if taxed. Must levy windfall tax news.sky.com/story/major-len…

Ahead of tomorrow's budget statement. Here’s how the UK chancellor can raise the billions needed to improve the quality of life of millions by addressing tax and fiscal anomalies. There is no shortage of money. All that is needed is political will. leftfootforward.org/2026/09/…

NEW: While banks are making over a BILLION POUNDS A WEEK - the rumored budget budget bank tax would raise just £1.8bn a year from them. The chancellor is right to tax the banks - but should he go even further?🧵

Beware of finance industry lobbying. It hired PwC (the firm that delivers dud audits) to produce a report, claiming that UK banks face highest rates of tax. The report included taxes not borne by banks. Omitted countries that levy higher rates of taxes. theguardian.com/uk-news/2026…

Major banks have made tens of billions in additional profits as interest rates have risen in recent years. At the same time, millions of people are facing higher mortgage payments, rising rents and ongoing cost-of-living pressures. There is a clear opportunity for the Government to tax bank windfall profits and raise up to £15 billion each year for our public services. That's why I've signed @RichardBurgon's motion, calling on the Government to introduce a tax on bank windfall profits ahead of next week's Budget.

Barclays are laying 5000 people off. Dismissing them. Making them redundant. All because they ONLY made 2.3 billion £££ in profit last year. It would take you 73 years to count (non stop) to 2.3 billion. Tax the greedy bastards.

“The banks are doing well” Chancellor @JohnHealey_MP says he will reveal in next week’s budget whether he will reform the bank surcharge rate #Peston

First, have bank profits gone up? Various claims are made. But we've tried to compare like-with-like. UK profits only. Real terms (after inflation). And yes they have. About 25% in the last ten years.

Barclays says it expects to cut some five thousand staff - that's five percent of its workforce - by the end of the year as AI makes the bank more efficient. Around one thousand of the roles were cut in the first half of the year. The rest will be spread out over the second half.

Barclays just announced Q3 pre-tax profits of £2.3bn - 12% higher than last year. As millions struggle with the cost of living crisis, and UK banks record bumper profits, it's a no brainer for the government to ask them to pay their fair share in next week's budget.

"Noooooo, don't tax us bro, we're job creators!" Meanwhile:

Working class people have paid the price for the bankers' crash in 2008. It's time to tax the rich and invest in public services. Anything less would be a big mistake. mirror.co.uk/news/politics/b…

A bank windfall tax (£19bn per the Positive Money proposals) could have capitalised the “Energy Wealth Fund”, instead of tying us more tightly into insecure, volatile fossil fuel technology and adding to climate change.