"I think the government should be thoughtful about signals it sends to investors who are looking at the UK as a long-term home for capital."
"My view remains that strong economies need strong banks, and I really want to use the capital of the bank to support our customers, Thwaite said. You can see in our numbers today, we're providing a lot of capital to those who are buying houses or moving houses, a lot of capital to businesses So I think it's important that strong domestic banks are the backbone of the UK, and the best way to use our capital is to support customers."
NatWest reported a 30.4% rise in quarterly profits to £2.18bn, and raised its full-year income guidance to about £16.3bn for 2025. Chief executive Paul Thwaite warned against increasing taxes on banks ahead of an autumn budget, urging balance between fiscal discipline and policies that create stability, consistency and growth. Thwaite emphasized that strong economies need strong banks and that bank capital is being used to support mortgage borrowers, home movers and businesses. The bank completed the exit of the final UK government stake earlier this year and saw its shares rise following the results amid ongoing tax speculation.
Read at www.theguardian.com
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