Responding to the news that Royal Bank of Scotland has announced its ninth consecutive multi-billion pound loss, Alex Wild, Research Director of the TaxPayers' Alliance, said: "Every day the government holds on to these shares they are risking further losses. Some ridiculed the previous chancellor for crystalising a £1 billion... Read more...
Research by the TaxPayers' Alliance shows government-managed large infrastructure projects have a poor record of being delivered on budget, with some projects overrunning by up to 190 per cent. Despite the Government’s insistence that HS2 will be delivered on budget, taxpayers should take no comfort given their appalling track record... Read more...
As HS2 clears its final hurdle in Parliament on Monday, new polling has discovered that 84 per cent of the general public don't believe HS2 will benefit them personally, while 80 per cent don't believe the project will be delivered on budget. On Monday, MPs are debating the Lords' amendments... Read more...
TaxPayers' Alliance welcomes Surrey County Council's decision to back down from a 15% Council Tax hike Decision means it is unlikely there will be referendum on the astronomical tax increase But the proposed budget still seeks a 4.99% Council Tax hike - just below the threshold for triggering a vote... Read more...
As Peers prepare to debate the HS2 Bill during its Third Reading tomorrow, the TaxPayers’ Alliance lit up Piccadilly Circus with a call to stop the failing project once and for all. Lord Framlingham tabled the "fatal amendment" on the HS2 Bill before it goes for its Third Reading tomorrow... Read more...
Lord Framlingham has today tabled a "fatal amendment" on the HS2 Bill before it goes for its Third Reading next week, as he seeks to block this thoroughly wasteful vanity project. This is another opportunity to stop the HS2 Bill in its tracks - and as such it serves to... Read more...
Responding to the news that ministers have approved a 6 per cent rise in council tax to fund social care, John O'Connell, Chief Executive of the TaxPayers' Alliance, said: "A 6 per cent Council Tax rise will put unimaginable pressure on already struggling families without providing any real solution to... Read more...
New research shows that George Osborne's sugar tax not certain to raise the money for sport that has been claimed Gap in revenue will result in additional borrowing or higher taxes on hard-pressed families 20 percent revenue shortfall is equivalent to 1% increase in inheritance tax Sugar tax also likely... Read more...
New forecast means there will have been at least 21 consecutive years of deficits by 2022 13 years after the financial crisis, we will still be living beyond our means Soaring debt will saddle future generations with even higher taxes Reacting to the Autumn Statement, John O'Connell, Chief Executive of... Read more...
TPA renews its call to Stamp Out Stamp Duty Click here for more on our campaign In light of The Daily Telegraph's welcome recommendation to slash Stamp Duty - following revelations that the Stamp Duty reforms have further distorted the market and raised only half the amount of revenue predicted... Read more...
Income tax and national insurance: How much tax do you really pay? Income tax+national insurance means the 20 per cent tax rate is effectively 40.2 per cent Multiple taxes on wages are needlessly complex and obscure National insurance should be abolished by 2021 for a simpler and more transparent tax... Read more...
The TaxPayers' Alliance today launches YourTPA, a unique free-to-download App, which allows taxpayers to access local council data on their mobile devices. Users can type in their postcodes which brings up local data, allowing users to scrutinise and hold their individual authorities to account. This app will help promote transparency across local government. YourTPA is a collection of... Read more...