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

