Rishi Sunak has been slammed for planning a tax cut for Britain’s biggest banks in next week’s budget, despite raise taxes on workers and cutting Universal Credit.
The Tory chancellor is reported to be preparing to slash the corporation tax surcharge imposed on the banking industry by more than 60 per cent, taking the levy from eight per cent to just three per cent in April 2023.
The move after the Tory government cut the pandemic rise to Universal Credit by more than £1,000 a year in the biggest reduction cut for social security benefits since WWII.
The chancellor has also piled on a National Insurance tax rise which will proportionately hit lower paid workers the hardest.SNP Shadow Treasury spokeswoman Alison Thewliss MP condemned the
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