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The government is collecting £17bn less than forecast in income tax because of the lack of earnings growth in the UK, according to new analysis published today (Friday) by the TUC. If earnings growth had been in line with the forecast made in June 2010 by the Office for Budgetary...
28 November 2014
The Treasury’s breakdown of how tax revenue is spent by government is a political stunt, the costs of which should be repaid to taxpayers, says the TUC. The tax breakdown given in tax statements has been criticised by the Institute for Fiscal Studies for labelling a quarter of all spending...
04 November 2014
Analysis published by the TUC today (Thursday) of the tax and benefit policies announced at the Conservative Party Conference reveals that a couple family with two children and 30 hours work at the national minimum wage will suffer a net loss of £320. In David Cameron’s conference speech yesterday he...
02 October 2014
Commenting on figures published today (Thursday) by the Office for National Statistics (ONS), which shows that household disposable income increased for the richest fifth of households but fell for everyone else, TUC General Secretary Frances O’Grady said:
26 June 2014
Responding to the European Court of Justice decision to reject the UK government’s challenge to the European financial transactions tax (FTT) today (Wednesday), TUC General Secretary Frances O’Grady said:
30 April 2014
One in four women do not earn enough to benefit from the latest rise in the income tax personal allowance, which increases from £9,440 to £10,000 this Sunday (6 April), according to a new report published today (Thursday) by the TUC.
03 April 2014
Commenting on the £576m bonus pot and £8.2bn losses announced today (Thursday) by the Royal Bank of Scotland (RBS), TUC General Secretary Frances O’Grady said: “There would be no RBS had it not been bailed out to the tune of billions by taxpayers. Ordinary people will be wondering how on...
27 February 2014
The government’s General Anti-Abuse Rule (GAAR) is so poorly designed that it will allow 99 per cent of tax avoidance to continue, according to a tax briefing published today (Monday) by the TUC.
02 December 2013
Commenting on the Lough Erne declaration on tax, agreed today (Tuesday) at the G8 summit, TUC General Secretary Frances O'Grady said:
18 June 2013
The TUC welcomes the Prime Minister's intention to tackle multinational tax avoidance and evasion at the G8 summit in Northern Ireland on 17 and 18 June, but has warned that “warm words will not be enough” – radical action is required at both the G8 and UK level to crack...
14 June 2013