TUC launches blueprint to squeeze Britain’s multimillionaires for a ‘modest’ proportion of their wealth and end the country’s ‘increasing wealth inequality’
THE TUC has condemned a “tale of two Britains” which sees working people suffering “the longest pay squeeze in modern history” while bankers’ bonuses are at eye-watering levels and chief executive pay is surging.
The damning criticism came as the TUC launched a blueprint to squeeze Britain’s multimillionaires for a “modest” proportion of their wealth and end the country’s “increasing wealth inequality.”
The blueprint would raise £10 billion for the public purse and should be the “start of a national conversation about taxing wealth,” said TUC general secretary Paul Nowak.
It would affect only 140,000 individuals — 0.3 per cent of Britain’s population — and is similar to a policy that operates in Spain.
Mr Nowak said: “It’s time to start a national conversation about how we tax wealth in this country.
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