Union group urges Rachel Reeves to consider wealth taxes

Tuc, a umbrella group for trade unions in the UK, calls Chancellor Rachel Reeves to think of a series of reserve tax in the November budget to help increase investments in public services.

Secretary -General Paul Nowak told BBC that people should see evidence of change.

“We need a progressive tax system – for online game companies and gambling companies, tax, banks and financial institutions in the last few years have seen wind profit tax.”

On the other hand, the Treasury said that the government “took the balance right” in a better taxation, including the new taxes in private jets and new taxes in the second houses.

In the interview, Mr. Nowak called Reeves to “not to remove anything from the table” and looked at other options, such as equalizing the capital earning tax with income tax, and said, “The reserve tax itself.”

He continued: “It was introduced in other countries, including Spain with one of the fastest growing economies.”

When Tuc’s annual congress continues this weekend, individual unions are likely to make similar demands.

Mr. Nowak focused on more loading case especially than financial institutions.

“Banks have record profits directed by a high -interest environment.

“We think that we can still have a profitable bank sector and ask them to pay their fair shares.”

This week, the Prime Minister reiterated that the financial rules of the Labor Party were unharified.

Therefore, tax increases seem to be inevitable in November to meet the chancellers’ own imposed restrictions on debt and borrowing.

The debate in the workers’ movement – and elsewhere – who will be taxed and how much to be taxed.

“Big Four High Street banks in just a year,” Big Four Four Four High Streets’ profits, “he argued.

Charlie Nunn, General Manager of Lloyds Bank, spoke against possible tax increases for banks of the government’s budget announcement in this autumn.

Authorized, England’s economy and an efforts to encourage a strong financial services sector will not be “consistent with tax increases”, he said.

And when the left -leaning thinking tank IPPR suggested more tax bank profits, stock prices fell.

When asked whether this approach can make the markets tense and that they could potentially direct investors, Mr. Nowak said: “The UK is an attractive place for international investors” and “an migration of millionaires” After non -doms tax changes and to terminate VAT exemption for school fees.

Authority claimed that Tuc’s own ballot boxes, the introduction of reserve taxes to finance public services, claimed that the most popular among voters reforming from labor to England.

Nigel Farage’s Party Conference starts on Friday at Birmingham and Mr. Nowak published this warning to Keir Starmer: “The change sounds like a reality that is still unreachable. If the government does not fulfill the change of people, they will be disappointed with the mainstream policies and they will look for reform alternatives.”

Although the chancellor is far from being interested in a traditional dey tax on assets, some pay more to those who have the “widest shoulders” in the wider labor movement.

We hope that the tax debate is more open than before by reporting a new economic advisor on Downing Street and reporting to the Prime Minister.

This advisor – Barones Shafik – In the past, he called for taxation for reserve and land.

“The people are not confused – they know they’re hard choices,” Mr. Nowak said.

“We need an adult conversation.”

A Treasury spokesman told the BBC that the government’s number one priority was to enlarge the economy and that it pointed to the words of Chancellor last month.

Rachel Reeves said: “Special jets, the second houses and increased capital earning tax on the increasing taxes.

“That’s why I think we have the balance in terms of how we tax the largest shoulders. However, other decisions will be decisions taken in the budget normally.”