HSBC closes branches because of UK Uncut protests

A protester re-brands a HSBC branch in London Credit: Stefan Rousseau/PA Wire

Four HSBC branches in Glasgow, Sheffield, Brixton and Regents Street in London were closed temporarily while protesters from UK Uncut demonstrated outside.

Campaigners gathered outside 13 HSBC branches across the UK and attempted to turn them into temporary food banks to protest against cuts to welfare.

The group said that "tax dodging" by HSBC made the cuts worse because big businesses were "not paying their share".

A spokesperson for HSBC said: "HSBC takes tax transparency very seriously."

"Globally, HSBC paid £6.1 billion in tax last year, up from £5.2 billion in 2011, and just in the UK the bank paid a total of £1.1 billion in taxes."

UK Uncut protesters demonstrate outside a branch of the HSBC Bank in London's Regent Street. Credit: Stefan Rousseau/PA Wire