Barclays hit by protests over tax avoidance

Laura Miller
clock

Over 35 Barclays branches were picketed over the weekend as protesters vented anger the financial giant paid just 1% in UK corporation tax in 2009, after making a record £11.6bn profit.

Several branches were closed to the public as protesters staged peaceful sit-ins, impromptu reading groups and creches in dozens of cities and towns across Britain, including Edinburgh, Birmingham, Liverpool and Lewes, the Guardian reports. Barclays has been accused of occupying a "parallel universe" following the disclosure it paid just £113m of corporation tax on its £11.6bn of annual profits; a rate amounting to just 1%. Supporters of UK Uncut, the group which organised the protests, said the plan was not to shut the banks down but to "open them up". Ruth Griffiths, 36, a U...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser TV: Creative ways to tackle the advice gap

Professional Adviser TV: Creative ways to tackle the advice gap

With Octopus Money CEO Ruth Handcock and financial adviser Kristian Manton

Professional Adviser
clock 25 April 2025 • 1 min read
Economic secretary confirms wholesale ISA review as experts demand sweeping reform

Economic secretary confirms wholesale ISA review as experts demand sweeping reform

LISA reform front and centre

Beth Brearley
clock 24 April 2025 • 2 min read
 MorganAsh introduces customer support tracking to vulnerability platform

MorganAsh introduces customer support tracking to vulnerability platform

Recording suggested next steps

Jaskeet Briah
clock 24 April 2025 • 2 min read