NEW RESEARCH: 'The Spending Plan'
The TaxPayers' Alliance today calls on all political leaders to inject a dose of honesty into the pre-election debate about future spending cuts, with the publication of The Spending Plan.
The Spending Plan sets out comprehensive proposals for savings and reforms that would reduce public spending by 2020 to 35.2 per cent of GDP, the level forecast by the Office for Budget Responsibility. To reach that level, we will need to save £50 billion a year by 2019-20.
Launching The Spending Plan, Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
"The politicians seeking our votes owe it to all taxpayers to come clean about what spending the country can and cannot afford. This candour has so far been noticeably absent in the election campaign, with politicians failing to acknowledge the dire state of the public finances and instead clambering to make additional spending pledges.
"Our Spending Plan honestly sets out the savings that need to be made by whichever party or parties take power after the election. Today we challenge our political leaders to accept our plan or to produce a similarly rigorous set of proposals of their own which explain where it is that they would reduce spending instead."
Read our full press release here: http://lowtax.es/198OziF
Read the summary here: http://lowtax.es/1FE7w74
Or the full report here: http://lowtax.es/1BlSuD2