Could UK Banks Face Another Tax Rise? | Nick Brind

Are UK banks earning excessive returns, or simply returning to more normal levels of profitability? Nick Brind argues that current returns are not unprecedented when compared with those generated during the 1990s and early 2000s. He also says the sector already carries an additional tax burden through the UK bank levy and banking surcharge. In this Short, he discusses the possibility of a further increase in the next UK Budget and estimates that it could create a low-single-digit hit to bank earnings. This is his forecast and not a confirmed policy measure. Would another bank tax represent a fair contribution – or place a disproportionate burden on the sector? Watch the full episode here: https://youtube.com/live/OCLLk945xxg For information and education only. This is not investment advice. Capital at risk. #QuotedData #UKBanks #BankingSector #FinancialStocks