Call to raise tax thresholds among union demands ahead of Budget
Summary
Several major UK unions plan to meet with Labour's John Healey to push for changes before the upcoming Budget. They want to reverse the freeze on tax thresholds that has increased tax for lower-paid workers and to raise taxes on big tech companies to fund public services and green energy.Key Facts
- Unite, the UK’s second largest union, wants tax thresholds to rise again so fewer low-paid workers pay tax.
- Freezing tax thresholds means earnings that were tax-free have become taxed due to inflation.
- The winter fuel allowance cut to poorer pensioners under Labour leadership has been criticized by unions.
- Unison, the largest union, demands higher taxes on large tech companies to support public sector and green projects.
- Unison also calls for research on shifting tax focus from income to wealth.
- GMB union supports new oil and gas fields to boost jobs and economy while reducing carbon-heavy imports.
- Decisions on new oil and gas projects like Rosebank and Jackdaw are expected after an October by-election.
- Unions see Healey’s upcoming Budget as a sign of Labour’s new leadership approach.
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