Tag Archives: bank profits

Mark Valladares

30 October 2023 – today’s press releases

By Mark Valladares | Mon 30th October 2023 - 10:35 pm
  • HSBC profits: Govt cut taxes for big banks over protecting people’s mortgages
  • Reynolds: Number 10 Culture of Chaos laid bare

HSBC profits: Govt cut taxes for big banks over protecting people’s mortgages

Responding to HSBC announcing it made quarterly profits of £6.35 billion, boosted by higher interest rates, and more than double what they were through the same period last year, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

It was the Conservative party’s economic vandalism that crashed the economy and now the big banks are raking in massive profits off the back of working people’s spiralling mortgage payments.

To add insult to injury, this

…

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