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Trades Union Congress

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  1. The TUC says cuts to the UK bank surcharge cost the public purse £6bn over three years and wants it raised to 16%. Chancellor John Healey is believed to be considering restoring it to 8% in the 28 October budget, which the TUC says would raise £2.25bn a year.

    8%

    The UK bank surcharge was 8% before the 2023 reduction.

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