TUC says up taxes on banking profits to fight rising cost of living

  • Post author:
  • Post last modified:30 July 2026

The Trades Union Congress (TUC) has called for Andy Burnham to raise taxes on banks, following Barclays‘ announcement of bumper second-quarter profits. The trade union body is advocating for the government to spend the money on a social energy tariff. According to the TUC, this measure could decrease middle and lower-income household energy bills by as much as Β£559 a year. Paul Nowak, the TUC’s general secretary, said: Big banks like Barclays are raking it in while working people and local businesses are struggling. High interest rates have been a boon for banks but have meant mortgage misery and higher bills…

Continue ReadingTUC says up taxes on banking profits to fight rising cost of living