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In praise of Nigel Farage’s war on banks

18 June 2024

6:13 PM

18 June 2024

6:13 PM

Why did it take Nigel Farage to suggest clawing back some of the super profits pocketed recently by British banks? Why hasn’t Labour thought of stopping the Bank of England paying interest on the deposits of commercial banks?

There is, after all, plenty of money for the taking. In 2023, HSBC reported a record net profit of over $30 billion (£24 billion).

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