Responding to the speech by Shadow Chancellor Ed Balls today at Labour Party Conference, Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
“Ed Balls made welcome noises about paying down Britain’s astronomical credit card bill, but there was precious little new detail about how he plans to do it. Some of these underwhelming announcements, such as those on child benefit and ministerial salaries, are steps in the right direction but don't go nearly far enough and represent little more than political window dressing. We need to hear less tough talk about hard choices, and more about which ones Labour are prepared to make.”
On the return of the 10p tax rate and the reintroduction of a 50p higher rate of tax, he continued:
"The last thing our disastrously complex tax code needs is more rates. If the Shadow Chancellor is serious about tackling complexity while reducing the tax burden for those on low incomes, he should focus on cutting National Insurance and raising the personal allowance."
Campaign Manager, TaxPayers' Alliance
24-hour media hotline: 07795 084 113