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.
Paul Nowak, the leader of Britain's trade unionists, has urged the government to introduce a social tariff funded by a bank surcharge to assist low and middle-income households with their energy expenses. According to the TUC, two-thirds of households could benefit from this discount on bills based on income. The TUC believes reversing the bank surcharge reduction from 8% to 3% in 2023 would generate £9 billion over four years.
Nowak believes the proposal will appeal to Prime Minister Burnham, as it addresses real-world issues and demonstrates tangible value.
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