Despite being rescued by taxpayers during the crash, UK banks will avoid paying £19 billion of tax on future profits by offsetting their losses during the financial crisis against their tax bills. This is equivalent to more than £1,100 for every family in the UK, a TUC report says today (Monday).
TUC Deputy General Secretary Frances O'Grady will tell delegates at a TUC conference in London today (Monday) that fair taxation is an alternative to austerity, cuts and ‘draconian' welfare reforms.
The TUC's annual poverty conference – Challenging Poverty in Changing Times – will be held at Congress House just a few days before huge cuts in public spending are expected to be announced in the Comprehensive Spending Review on Wednesday (20 October).
New residency rules could raise £4 billion a year, including up to £1 billion from the so-called ‘Monaco boys' – city high-fliers who commute by jet to London on Mondays and leave on Thursdays in order to avoid paying UK tax – according to a new TUC report published today (Saturday).
New residency rules could raise £4 billion a year, including up to £1 billion from the so-called ‘Monaco boys' – city high-fliers who commute by jet to London on Mondays and leave on Thursdays in order to avoid paying UK tax – according to a new TUC report published today (Saturday).
The TUC today (Friday) expressed disappointment at the outcome of Lord Young's review of health and safety published this morning.
The TUC reveals new evidence today (Friday) that the Department for Work and Pensions (DWP) is moving people from Employment and Support Allowance (ESA) to Jobseeker's Allowance (JSA) purely to save money, even though the individuals are not fit enough to return to work.
The abolition of the Agricultural Wages Board is an act of political spite for which the lowest earners in some of the toughest jobs will pay the price.
Commenting on the announcement today (Thursday) that the Government will abolish 192 public bodies, TUC General Secretary Brendan Barber said:
With one week to go before the Government Comprehensive Spending Review, new figures show that spending cuts will have a disproportionate impact on the North East's women. According to new figures published today by the Northern TUC, almost half of all working women in the North East are employed in the public sector raising fears that job losses will plunge many households into poverty.
Commenting on measures announced by the Treasury today (Thursday) to restrict pensions tax relief, TUC General Secretary Brendan Barber said: