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Story summary
- UK Prime Minister Andy Burnham’s government is being urged to tax the four largest UK banks after they posted a £29.2 bn profit in 2026.
- Trade union leader Paul Nowak says the tax could raise £19 bn for Burnham’s cost-of-living and social-care plans.
- NatWest chief executive Paul Thwaite warned higher taxes would curb lending and harm the economy.
- Lloyds chief executive Charlie Nunn urged policymakers to leave bank profits untouched.
