9 September 2024
RMT Press Office:
Transport union, RMT has called for the Treasury to relax fiscal rules and to introduce a wealth tax to fund public services.
The union welcomes the Labour government being elected and their commitment to a new deal for workers.
However, the UK has a £500bn public investment gap compared to OECD countries.
And the union stresses that relying on future economic growth alone will not solve the current crisis.
RMT general secretary Mick Lynch said: "There is an urgent need for Labour to make immediate, significant investments in public services and infrastructure to restore living standards and secure sustainable economic growth.
"This will require reforms in taxation and borrowing, alongside bolstering collective bargaining rights to ensure work pays fairly.
"We call on Chancellor Rachel Reeves and the Labour government to introduce a proactive industrial strategy that includes public ownership and investment in key sectors to promote long-term economic stability.
"Taxing unearned wealth from the richest in society must be a goal for the trade union movement if we are to create the kind of country that works for the many and not the few."
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Notes: RMT seconded a composite motion on "Building a Fairer Economy" which was passed today at TUC Congress
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