Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake
NatWest is set to reveal its largest annual profit since the 2008 financial crisis amid speculation the taxpayer-backed bank will ramp up the size of its bonus pool, just as consumers struggle amid the cost of living crisis.
The banking group, which is still 45% state-owned, is expected to report £5.1bn in pre-tax profits for 2022 when it reveals annual results on Friday, according to City analysts.
