Barclays profits up 12% as UK banks brace for tax increase in budget

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The Guardian

Barclays profits up 12% as UK banks brace for tax increase in budget

Lender gives further £500m to shareholders after reporting £2.3bn in pre-tax profits from July to September Business live – latest updates Barclays is giving a further £500m to shareholders after reporting a jump in quarterly profits, as the lender steels itself for an increase in UK bank taxes at next week’s budget. The lender said it logged £2.3bn in pre-tax profits over the July to September quarter, up 12% fro…