People believe the wealthiest should be taxed more to protect public services, according to new research. A survey of 2,000 adults by the TUC found that just over half supported tax rises on big business and the wealthy to prevent cuts to public services, while around one in four disagreed.
The polling was published ahead of next week’s Spending Review, which the TUC said can be the “next key step” in the Government’s plan to rebuild Britain and deliver industrial renewal.
Two thirds of respondents said they were in favour of an annual wealth tax for estates above £10 million and a similar number backed a windfall tax on banks. Half of those polled said they would support raising capital gains tax.
TUC general secretary Paul Nowak said: “The Spending Review can be the next key step in the Government’s plan to rebuild Britain and deliver industrial renewal. Communities are still crying out for meaningful change after more than a decade of Tory austerity and neglect.
“That’s why the Government must stay on track – building on the positive start it made at last year’s Budget by providing sustained funding for our public services and infrastructure. The global outlook is challenging, but leaving our decimated public services without sufficient investment would risk both future growth and public trust.
“The message from voters is clear. They want the Government to protect and rebuild our public services.”
Looking for more from MyLondon? Subscribe to our daily newsletters here for the latest and greatest updates from across London.
