Tory tax break for banks has cost UK public purse £6bn, says TUC
According to the Trades Union Congress, a Conservative government tax relief for banks has reduced public revenue by roughly £6 billion. The TUC is urging the chancellor to overturn the reductions to the bank levy introduced under Prime Minister Rishi Sunak, arguing the cuts have deprived the Treasury of significant funds. The call comes amid broader concerns over fiscal policy.