Tax banks to give some households energy bill cut, unions tell Burnham
The TUC says a bank surcharge should be reversed - and estimates it would raise £9bn over four years.
The leader of Britain's trade unionists has told Andy Burnham the government should introduce a "social tariff", paid for by a bank surcharge, to help low and middle earners with their energy bills.
A social tariff is a discount on bills based on household income, and the TUC says it believes two-thirds of households could benefit.
The TUC says the bank surcharge, which was reduced in 2023 from 8% to 3% by the then Conservative government, should be reversed - and estimates it would raise £9bn over four years.
The economist and former minister Lord O'Neill - who has advised Burnham – said recently that wealth taxes were "the last thing that should be happening if we want to see more growth".