Unions pile pressure on Reeves to avoid cuts and impose wealth taxes
TUC increases pressure on Reeves to introduce wealth taxes
- The TUC is increasing pressure on the government to introduce wealth taxes amid expectations of spending cuts, with a poll revealing that 54% of the public supports taxes on big corporations and wealthy individuals.
- TUC General Secretary Paul Nowak urged the government to sustain funding for public services, criticising the current system where the wealthy don't contribute their fair share.
- Angela Rayner has pressed Rachel Reeves to consider wealth taxes instead of departmental cuts, amidst internal government disagreements over the upcoming spending review.
- The TUC has criticised the Office of Budget Responsibility (OBR), suggesting its forecasts may negatively impact spending plans and calling for a review of the OBR's role to allow greater investment flexibility.
- A TUC poll indicates widespread frustration with the amount of tax paid by the wealthiest, with significant support for wealth taxes, windfall taxes on banks, and raising capital gains tax, including among Tory to Labour switchers and those considering switching from Labour to Reform.