"Paul Nowak, general secretary of the Trades Union Congress (TUC), urged the chancellor to stay the course on her plans to invest in the country, adding that the government should not be afraid of adopting a little bit of economic leftwing populism. Ahead of the TUC's annual gathering this weekend, he called Nigel Farage an absolute political opportunist who could be challenged by Labour demonstrating that it was genuinely on the side of working people, through better employment rights and a fairer tax system."
"Polling for the TUC found that a 2% annual wealth tax paid by individuals with assets worth more than 10m would be supported by 68% of people, with 22% against. This rose to 75% among 2024 Labour voters now leaning towards Reform. The poll also found that increasing capital gains tax to the same level as income tax was supported by 51% of people, with 34% against."
"There was even greater support for a package of tax rises including wealth taxes, higher taxes on gambling firms and a windfall tax on the profits of banks and other financial institutions, with 68% supporting the proposals as a whole, while just 23% opposed to them. The TUC calculated that the wealth taxes could raise an extra 36bn a year, while a gambling"
TUC general secretary Paul Nowak urged the chancellor to introduce wealth taxes at the autumn budget to fund planned investment and to blunt Reform's growing appeal. Nowak suggested the government should consider some economic leftwing populism and that wealthier individuals should pay a fairer share. TUC polling found strong public support: 68% backing a 2% annual wealth tax on assets over 10m (75% among certain voters now leaning Reform) and majority support for equalising capital gains with income tax. A combined package including gambling and bank windfall taxes drew 68% support and promised substantial revenue.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]