Claims extracted
15
sentences that state something as happening or true
Uncertain
20%
3 of 15 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
2
articles that frame the event the way this one does
Banks set to report stronger profits as they face prospect of tax hike
Banks are widely speculated to be a target with Mr Healey thought to be considering increasing the surcharge on profits from 3% to 8% – reversing a tax cut for the sector introduced by former Conservative chancellor Jeremy Hunt.
asserted
Healey → set → Hunt
Chief executive CS Venkatakrishnan, known within the bank as Venkat, said: “We are already a bank which makes a lot of our money outside the UK so this is not a question of a financial hit to us – it’s bearable.”
asserted
it → know → us
It came as the bank reported pre-tax profits £2.3 billion, an increase of 12% on the same quarter last year.
asserted
bank → come → quarter
The figures came alongside the announcement that it was planning to cut 5,000 staff this year, or about 5% of its total workforce, as part of cost savings across the bank.
asserted
it → come → bank
Venkat said deploying artificial intelligence (AI) was the “icing on the cake” of efforts to invest in technology that will make the bank more efficient.
asserted
bank → say → technology
Lloyds Banking Group, which is the UK’s largest mortgage lender, is forecast to report a near-doubling of its third-quarter profit on Thursday.
asserted
which → forecast → Thursday
Read More
A consensus of analysts show the banking group reporting a pre-tax profit of £2.3 billion, up from £1.2 billion a year ago.
asserted
group → read → billion
However, last year’s figures were impacted by a £1.95 billion provision for potential costs related the Financial Conduct Authority’s compensation scheme for drivers who were mis-sold a car loan.
asserted
who → impact → loan
This scheme is currently on hold as it comes up against legal challenges from other lenders and consumer representatives in court.
asserted
it → come → court
NatWest is expected to report an operating pre-tax profit of £2.2 billion, which would be flat on the previous year.
asserted
which → expect → year
While HSBC is forecast to report a jump in earnings to a 9.7 billion dollar pre-tax profit (£7.3 billion), from 7.3 billion dollars (£5.5 billion) the year before.
asserted
HSBC → forecast → dollars
Richard Hunter, head of markets for Interactive Investor, said increasing the bank surcharge could “reduce earnings by a possible 6%” and “decrease global competitiveness given that its rates of corporation tax are already among the highest to be found globally”.
uncertain
rates → say → highest
“It is also thought that the domestic banks, Lloyds and NatWest, could be most affected,” he said.
uncertain
he → think → ?
However, Mr Hunter said Lloyds has been building alternative sources of income such as insurance, credit cards and wealth management which could “lessen the reliance on the more traditional income streams”.
uncertain
which → say → streams
“Meanwhile NatWest is now enjoying a new lease of life,” he added, referring to recent shareholder returns and acquisitions including the £2.7 billion purchase of Evelyn Partners.
asserted
he → enjoy → Partners
The Aporia
