Osborne's threats of unjustified tax hikes stretch the limits of his credibility to a new level

June 15, 2016 8:57 AM

Commenting on George Osborne's threats of massive tax rises in the event of the country voting to leave the EU at next week's referendum, Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:

"Almost all of the tax increases being threatened would be a clear breach of the manifesto on which the Government was elected little more than 12 months ago and would be completely unnecessary and unjustified.

"Mr Osborne's inability to get a grip on the public finances has already added more than half a trillion pounds to the national debt and his economic projections have been wrong at every turn. So why should taxpayers believe him today? The Chancellor is stretching the limits of his credibility to a whole new level.

"Whatever happens at next week's referendum, it would be totally unfair to hammer the British public with hikes in Income Tax and alcohol and fuel duties, all of which are already far too high and raising the cost of living. It's time Mr. Osborne stopped scaremongering and got on with finding the savings that taxpayers have been promised for the last six years so that the nation might finally live within its means once again."

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