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EN
Barclays profit up 31% to £3.3bn as TUC demands 35% bank surcharge
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Barclays reported profit before tax of £3.3 billion for the second quarter on Tuesday, up 31 per cent, as the TUC called for the surcharge on banking profits to be raised to as much as 35 per cent.
It’s time to increase the bank surcharge and tax banks to bring down energy bills.”
Over the first half, income rose 11 per cent to £16.5 billion, with profit before tax up 17 per cent to £6.1 billion.
Corporate banking income rose 8 per cent to £1 billion over the half year and profit before tax rose 30 per cent to £566 million.
Private banking and wealth income rose 2 per cent to £713 million, while profit before tax fell 21 per cent to £186 million.