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Evening Standard
Evening Standard
Business
Anna Wise

HSBC quarterly profit surge sparks fresh calls for bank tax hike in Budget

A top HSBC executive has said the bank is not under pressure to relocate from the UK (Mike Egerton/PA) - (PA Wire)

A top HSBC executive has said the bank is not under pressure to relocate from the UK, despite a surge in its quarterly profit sparking fresh calls for the Chancellor to hike bank taxes in the Budget.

Pam Kaur, the banking group’s chief financial officer, said there was “no pressure” on the bank despite facing the prospect of higher costs.

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