US EditionRachel Reeves 'must bring in wealth taxes to show she's on side of ordinary Brits', TUC chief urges Labour
Labour's bill introduces rights for communities to buy local assets and proposes wealth taxes on millionaires and banks to fund public services amid rising support for Reform UK.
- Paul Nowak, TUC general secretary, urged Labour and the government to tax wealth, banks, and the gambling industry to fund public services and counter Reform UK’s rise.
- This call reflects public and Labour voter shifts toward Reform amid dissatisfaction with Conservative neglect and strong support for taxing the wealthy to improve services.
- Nowak pointed to Spain’s solidarity tax as a successful example that generated billions without prompting wealthy individuals to leave, and proposed that Labour might align capital gains tax rates with those of income tax while also introducing windfall taxes on banks and increasing taxes on the gambling sector.
- A TUC poll of over 5,000 adults found four out of five back a wealth tax package to reduce NHS waiting lists and fund schools, while the big four banks made nearly £46bn in profits last year.
- These tax proposals, expected to gain wide support at the TUC conference, aim to rebuild public services and show Labour’s alignment with working people against populist forces.
12 Articles
12 Articles
TUC leader urges Labour to tax the rich and banks to fight Reform
The leader of the Trades Union Congress has called on Labour to tax the wealthy, banks and gambling industry to fight the rise of Reform UK. For months, Keir Starmer’s government has languished behind Reform in the national polls, and it is widely expected that chancellor Rachel Reeves will be forced to raise taxes at her budget in November. A new poll from the TUC has also found a significant number of Labour voters are leaning towards Reform. …
Sky News UK
khbrknewsTax the rich to thwart Reform, TUC chief urges Labour
A TUC poll shows 74% of 2024 Labour voters who are now "leaning to Reform" back wealth, gambling, and bank taxes. Rachel Reeves will make her tax plans clear at her autumn budget on 26 November.
TUC leader urges Government to show it is on the side of workers
Paul Nowak said Labour should recognise the public mood for decent jobs, pay and working conditions. A senior union leader is urging the Government to be “ambitious” and show it is on the side of workers as new research revealed huge support for a wealth tax to help rebuild public services. TUC general secretary Paul Nowak said Labour should recognise the public mood for decent jobs, pay and working conditions. He said TUC research shows signifi…
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