TUC: UK bank tax cuts cost Treasury £6bn; union urges reversal

The TUC calculates that tax cuts on bank profits, introduced under Rishi Sunak, have reduced UK government revenues by £6bn. The union is urging Chancellor John Healey to reverse the cuts in the upcoming budget to make banks pay a 'fair share'. The claim is based on TUC analysis and is part of a pre-budget political campaign, with the actual fiscal impact subject to Treasury estimates.