The Trades Union Congress has urged Burnham to support reversing a surcharge on banks, arguing that the measure could raise £9bn over four years and help fund energy bill reductions for some households.
The proposal links changes to bank taxation with targeted support for households facing energy costs. The TUC says the additional revenue generated by reversing the surcharge could be used to provide the reductions.
No further details have been given in the supplied material about how the proposed bill cuts would be delivered, which households would qualify or what response Burnham has made.
The TUC’s estimate is based on a four-year period, with the proposed revenue intended to support some households with their energy bills. Further details would be needed before the potential impact of the plan could be assessed.
