Reposted by San
Corporate Welfare
Tory tax break for banks cost UK public purse £6bn
In 2023 Tory govt cut the bank surcharge from 8% to 3%. Current govt hasn't reversed it. Record profits, exec pay, dividends at banks
Reversing the surcharge would raise billions.
theguardian.com
Tory tax break for banks has cost UK public purse £6bn, says TUC
Exclusive: Chancellor urged to reverse Jeremy Hunt’s tax surcharge cuts to claw back billions in lost revenue