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Tory bank tax break cost UK £6bn, says TUC
Original: Tory tax break for banks has cost UK public purse £6bn, says TUC https://www.theguardian.com/money/2026/oct/09/tory-tax-
The Trades Union Congress says a tax break for banks introduced under Conservative governments has cost the UK public purse around £6bn. The figure, reported by the Guardian, has reignited debate over the banking surcharge and how successive governments have taxed the financial sector, with critics calling for the levy to be reversed to fund public services.
Why now: Fresh TUC figures on a costly bank tax break have landed amid ongoing scrutiny of public finances and bank windfall profits.
Trades Union CongressConservative PartyUK Treasurybanks
Evidence
- Tory tax break for banks has cost UK public purse £6bn, says TUC https://www.theguardian.com/money/2026/oct/09/tory-tax-break-banks-cost-uk-public-purse-tuc # Politics # Economy # Finance · guardian_world@robot.villas · 6
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