NatWest boss warns against higher bank taxes as lender’s profits rise 30%

<p>CEO says fiscal discipline should be balanced with ‘policies that create stability, consistency and support growth’</p><p>NatWest Group’s chief executive has warned the government against increasing taxes on banks in the autumn budget as the high street lender reported a 30% jump in profits.</p><p>Paul Thwaite said he understood the “difficult choices” that the chancellor, Rachel Reeves, had to make in order to help close a potential £30bn shortfall in the public finances but argued she needed to “balance fiscal discipline” with “policies that create stability, consistency and support growth”.</p> <a href="https://www.theguardian.com/business/2025/oct/24/uk-must-resist-raising-taxes-on-banks-says-natwest-boss-as-profits-leap">Continue reading...</a>