George Osborne must declare a war on waste and cut taxes in a Budget for taxpayers
Mar 2014 13

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:

  • Declare a War on Waste to cut out unnecessary spending
  • Cut taxes to stimulate investment, create jobs and ease the cost of living
  • Reform taxes and reassess the structure of government

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:

Waste

  • Public sector pay and pension reform including an end to the gap between public and private sector pay.
  • An end to the NHS ring-fence with a reduction in NHS spending in line with other departments.
  • Scrap the HS2 white elephant and use some of the money saved for better value rail and road projects.

Taxes

  • Cut both employer’s and employee’s National Insurance to 11 per cent.
  • Abolish the alcohol duty escalator.
  • Cut the main rate of Corporation Tax to 20 per cent in 2014 instead of 2015.
  • Cut Fuel Duty by 5p per litre.
  • Freeze the Carbon Price Floor at 2014 levels.
  • Cut Stamp Duty Land Tax using at least one of the three options proposed in our paper Stamp Duty – a counterproductive tax.

Reform

  • Extend the use of dynamic modelling used in last year’s Autumn Statement to all fiscal policy announcements. Dynamic analysis using the HMRC CGE model should be required for all fiscal policy changes announced by the Government.
  • Rename National Insurance to properly reflect its true function as a parallel system of income tax on employment earnings.
  • Set about departmental reform by abolishing the Department for Culture, Media and Sport along with the Department for Business, Innovation and Skills, transferring some responsibilities such as museums, universities and training to other departments.

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

Top Bath restaurateurs support campaign to cut tax on wine and spirits
Mar 2014 12

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 students join Cut Wine Tax campaign
Mar 2014 11

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

Councillors will no longer be able to claim pensions
Mar 2014 11

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.

New £20bn OBR black hole means Chancellor Osborne must declare War on Waste
Mar 2014 07

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.

Page 15

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.

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