Embargoed: 00:01 Monday 17th October 2022 TaxPayers’ Alliance analysis shows the UK has some of the highest fuel duty rates across Europe, at 53p per litre. This means a ‘petrol premium’ on prices at the pump, leaving them higher than Germany and Sweden, which the temporary 5p cut does little... Read more...
For immediate release Responding to the planned rise in corporation tax, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Taxpayers will be bitterly disappointed to see commitments to lower the 70 year high tax burden have been ditched. “With a Tory tax rise back on the cards and... Read more...
Embargoed: 00:01 Friday 14th October 2022 It’s widely known that business rates are impacting our High Streets. The TaxPayers’ Alliance’s (TPA) dynamic tax model shows that business rates stunts growth, chokes off investment and holds down wages Were business rates to be abolished, GDP could be £34.5 billion higher by... Read more...
For immediate release Responding to Liz Truss confirming her commitment to not cut spending, James Roberts, political director of the TaxPayers' Alliance, said: “The prime minister is in danger of delivering a half-baked fiscal plan. “Government spending has grown wildly over recent years and tax cuts are back on... Read more...
For immediate release Responding to Liz Truss’s Conservative Party conference speech, John O’Connell, chief executive of the TaxPayers' Alliance, said: “The prime minister was right to give both barrels to the enemies of enterprise. “To go for growth, Britain has to break free from the shackles of our gruelling... Read more...
For immediate release Responding to Kwasi Kwarteng’s speech to Conservative Party conference, John O’Connell, chief executive of the TaxPayers' Alliance, said: “The chancellor was right to try to reassure taxpayers of his plans for growth. “But without a clear strategy to control spending, there can be no path to... Read more...
For immediate release Responding to Keir Starmer’s speech to Labour Party conference, John O’Connell, chief executive of the TaxPayers' Alliance, said: “After years of Tory tax rises hammering working taxpayers, Starmer is right to sing from the hymn sheet of aspiration. “But the idea that endless spending commitments and... Read more...
For immediate release TaxPayers’ Alliance dynamic tax modelling estimates that the measures announced today could boost output by £99 billion over the next ten years, recouping around three quarters of the lost revenue due to faster growth. Cancelling planned rises makes up more than half of the new growth,... Read more...
For immediate release Responding to the mini-budget, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Taxpayers will be delighted with a budget that eases the burden on their bottom lines and promises a growth game-changer. “With cuts to income tax and stamp duty, the cancellation of the corporation... Read more...
For immediate release Responding to the announcement that the government will scrap the Health and Social Care Levy, John O’Connell, chief executive of the TaxPayers' Alliance, said:"It’s long past time that the government abandoned this punishing tax hike on working people and employers alike"It never made any sense to... Read more...
The TaxPayers’ Alliance’s (TPA) dynamic tax model shows that stamp duty land tax (SDLT) depresses growth, chokes off investment and even holds down wages Were stamp duty abolished, by 2029 GDP would be £27 billion higher, investment up by £7 billion and average weekly earnings £6 greater Cutting stamp duty... Read more...
For immediate release Responding to reports that the government plans to reverse the anti-obesity strategy, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Junking these nanny state policies is long overdue. “Plans to end buy-one-get-one-free were only going to pile pressure on hard-hit households during a cost of... Read more...
For immediate release Responding to today’s announcement of the energy price cap freeze, John O’Connell, chief executive of the TaxPayers' Alliance, said: “While the war in Ukraine has caused unprecedented market distortions, this intervention is still staggering in scale, and likely to leave taxpayers in the lurch. “Suspending green... Read more...
Embargoed: 00:01 Saturday 27th August 2022 New research from the TaxPayers’ Alliance (TPA) has revealed that 38 top civil servants enjoy pension pots worth more than £1 million. In the first year of the covid pandemic, 187 of the most senior civil servants had a cumulative pension pot of... Read more...
For immediate release Responding to the Office for National Statistics' (ONS) latest data showing CPI at 10.1 per cent in July, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Double-digit inflation is hitting households hard. “A seventy-year high tax burden and record busting price rises are placing an... Read more...
Embargoed: 22:30 Monday 1 August 2022 Responding to Liz Truss’ announcement of a war on waste, John O’Connell, chief executive of the TaxPayers' Alliance, said: “It’s long past time that politicians committed to a proper war on waste. “Liz Truss is right to pick up these policies which will... Read more...
For immediate release The TaxPayers’ Alliance (TPA) has welcomed Rishi Sunak’s proposed income tax cut, with modelling suggesting this could boost growth by £11 billion. But analysis by the TPA also laid bare the impact of the national insurance rise, with the £11 billion dwarfed by the potential for... Read more...
Embargoed: 00:01 Sunday 31 July 2022 TaxPayers’ Alliance proposes reforms to national pay bargaining in the public sector, saving £8.8bn and making the system for pay deals fairer. The gap between public and private sector pay costs up to £20bn a year, meaning additional costs for taxpayers and pay... Read more...
For immediate release Responding to plans to cap trade union facility time, John O’Connell, chief executive of the TaxPayers' Alliance, said: "These rules to reign in facility time for public sector officials are long overdue. "After a decade of campaigning and a round of frustrating summer strikes, the government... Read more...
For immediate release Responding to the Office for National Statistics’s (ONS) Public Sector Finances June 2022, John O’Connell, chief executive of the TaxPayers' Alliance, said: “These figures show the cost of servicing the national debt is now in the stratosphere, with yet another record being broken. “Inflation and out... Read more...
For immediate release Responding to the Office for National Statistics' (ONS) latest data showing CPI at 9.4 per cent in June, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Soaring inflation is squeezing households’ budgets and businesses’ balance sheets. “But taxes remain the single biggest bill families and... Read more...
For immediate release Responding to the news that BBC star and executive pay packets have reduced, John O’Connell, chief executive of the TaxPayers' Alliance, said: "Despite it being the first year of pensioners paying the TV tax, the Beeb’s top salaries have barely budged. "These pay packets are taken... Read more...
For immediate release With the transport unions having voted on the ‘biggest rail strike in 25 years’, the TaxPayers’ Alliance has revealed that just two Aslef trade union bosses had a combined total remuneration of £281,601 in 2021. Aslef’s general secretary, Mick Whelan, took home £151,371 in total remuneration... Read more...
For immediate release Responding to the news that No 10 is considering cutting VAT, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Brits will be delighted that ministers have finally woken up to their calls for tax cuts. “Taxes are the single biggest bill families face and rising... Read more...