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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Burnham urged to increase tax on banks as Barclays’ profits soar

Barclays United Kingdom TUC
A pedestrian walks past a Barclays bank branch in central London
Barclays announced a £1bn share buyback and £800m in dividends. Photograph: Stefan Wermuth/Reuters

Andy Burnham has been urged to launch a tax raid on UK banks, as Barclays revealed a 30% increase in its half-year bonus pool after a rise in profits.

Fresh corporate filings released on Tuesday showed the bank put £1.3bn towards its bonus pool for the first half of the year. That figure, which includes annual and deferred bonuses, was up from £1bn last year.

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