Bank profits poised to top £40 billion while UK economy struggles

A survey found finance bosses at the UK’s biggest businesses are less keen to borrow money from banks now than at any point since the financial crisis (Aaron Chown/ PA) (Picture: PA Wire)

BRITAIN’S top banks are poised to report record annual profits of about £40 billion, results that are likely to generate public anger and calls for a windfall tax on the industry.

This week the Commons Treasury select committee gave bank bosses a hostile grilling for putting up mortgage prices due to higher interest rates while failing to pass on the benefit to savers.