Daily RecordTHE Royal Bank of Scotland are set to announce the largest ever profit by a British bank.
Their figure for 2003 will be a whopping £7 billion when it is announced to city money men later this week.
That's £221 per second. It will be seen as a triumph for bank boss Fred Goodwin, dubbed Fred the Shred because of his ruthless cost-cutting skills.
But the sheer scale of the profit nearly double Barclays' £3.8 billion earlier this month means the bank are bracing themselves for an angry backlash.
Barclays' profits were described as 'outrageous' by politicians, trade unions and anti-poverty campaigners.
Yesterday, Scottish Socialist Party leader Tommy Sheridan said: 'The Royal Bank are set to announce their figures days after council taxes were increased and Scottish Power put their prices up.
'Ordinary working people are toiling and struggling while the banks make excessive profits.'
