Tory tax break for banks has cost UK public purse £6bn, states TUC

The Guardian — World has covered a development concerning “Tory tax break for banks has cost UK public purse £6bn, states TUC,” with the available account limited to the facts included in the supplied text.

Exclusive: Chancellor urged to reverse Rishi Sunak’s tax surcharge cuts to claw back billions in lost revenue Business live – latest updates Tax cuts for big banks have deprived the UK government of £6bn in revenues, as reported by campaigners, who are calling on the chancellor, John Healey, to increase taxes and force lenders to pay their “fair share” in the budget. The report also notes that Calculations by the Trades Union Congress (TUC), which represents unions with more than 5.3 million members across England and Wales, indicates that the public purse is billions of pounds worse off as a result of tax cuts introduced under the Tory chancellor Rishi Sunak in 2023.

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