The 2014 Budget provides the last meaningful opportunity for the Chancellor to help hard-pressed taxpayers before the General Election.
In next week’s Budget, the Chancellor should:
These three areas are covered in the TaxPayers’ Alliance submission to HM Treasury in advance of the Budget. You can read our full submission here.
Key recommendations include:
Speaking in Advance of the Budget, Jonathan Isaby, Chief Executive of the TaxPayers’ Alliance said:
“The Chancellor is in the last chance saloon when it comes to helping taxpayers before the next election. If he wants to ease the burden on family finances and secure economic growth then he has to cut waste and cut taxes in this Budget. Promises of help after 2015 will not be enough – he must take this opportunity now to deliver a Budget for taxpayers.”
The morning after the Budget, the TaxPayers’ Alliance and the Institute of Economic Affairs will bring together a cross-party panel of experts to assess its political and economic implications. Click here for more details
Leading Bath restaurateur, Charlie Digney, proprietor of award-winning local restaurants the King William, the Garrick’s Head and Oakhill Inn, joined Bath popular bar owner Fari Nejad of Opium to support our national campaign calling for the duty on wine and spirits to be cut. Continue Reading
Exeter University students joined our campaign to Call Time on Duty at John Gandy’s wine bar off the cobble streets of central Exeter. With glasses of wine in their hands, they called on the Chancellor George Osborne to axe further rises in duty on wine and spirits in this country—and bring it in line with more reasonable rates of alcohol tax in Europe. Continue Reading
Responding the news that councillors are to be removed from the Local Government Pension Scheme (LGPS) , Jonathan Isaby, Chief Executive of the TaxPayers’ Alliance said:
It is wrong that councillors were ever able to sign up to the pension scheme for local authority employees. They receive an allowance to represent their community, not a pay packet, and treating them as council staff will only have served to skew their priorities and their place in the system of democratic accountability. Ending councillors’ entitlement to a local government pension will not only save taxpayers’ money, but also remind them that they are there to represent the views of their residents to the council, not the other way round.
Our research has shown i n 2010-11 4,548 councillors were enrolled on the LGPS – a number that has grown significantly in the last couple of years.
Office for Budget Responsibility economic models replicated by the Financial Times have revealed a new £20 billion black hole in the public finances. The news comes on top of the repeated deterioration in deficit forecasts since 2010 and means that the public sector would potentially continue living beyond its means until 2020.
Our War on Waste spending factbook highlighted the deterioration of deficit forecasts for 2014-15 in the graph shown above (click here to share it on Facebook, and here for Twitter). It’s clear that while the economy seems to be recovering, particularly with respect to private sector employment figures, the public finances are still a mess and tough decisions have to be made on spending.
This isn’t necessary only to close our still huge deficit but also to allow room for the tax cuts the country needs to sharpen economic incentives, boost growth and ease the financial burden on taxpayers. Mr Osborne should look again at spending when he delivers his budget in two weeks. It’s time he declared a War on Waste.