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Breaking News - BREAKING NEWS - UK

BREAKING NEWS - UK

Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay  

Jeremy Corbyn speaking at the Brudenell Social Club in Leeds Jeremy Corbyn will lay out plans for a “fat cat” tax under which big businesses, city banks and Premier League clubs will have to pay a levy if they offer workers hefty pay packages, the Guardian has learned.

The full Labour manifesto, to be published on Tuesday, will include a proposal that aims to disincentivise excessive pay by charging companies a 2.5% levy on earnings above £330,000 and 5% on those above £500,000. Read more HERE

Jeremy Corbyn speaking at the Brudenell Social Club in Leeds Jeremy Corbyn will lay out plans for a “fat cat” tax under which big businesses, city banks and Premier League clubs will have to pay a levy if they offer workers hefty pay packages, the Guardian has learned.

The full Labour manifesto, to be published on Tuesday, will include a proposal that aims to disincentivise excessive pay by charging companies a 2.5% levy on earnings above £330,000 and 5% on those above £500,000. Read more HERE

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Published on 15/05/2017 @ 10:44 PM   All News Story   Top
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