For immediate release
Responding to debt hitting 100 per cent of national income, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“Taxpayers will be hoping that this will be a wake up call for Rachel Reeves ahead of the budget.
“With the debt now matching the size of the economy, this needs to be a watershed moment for all politicians, but particularly the chancellor, to recognise that the situation is unsustainable.
“Getting a grip of the national debt should now be a top priority for the government, with future generations set to be hit hard if it follows the big spending philosophy of its predecessors.”
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media contact:
Joanna Marchong
Investigations Campaign Manager, TaxPayers' Alliance
[email protected]
24-hour media hotline: 07795 084 113 (no texts)
Notes to editors:
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Founded in 2004 by Matthew Elliott and Andrew Allum, the TaxPayers' Alliance (TPA) campaigns to reform taxes and public services, cut waste and speak up for British taxpayers. Find out more at www.taxpayersalliance.com.
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TaxPayers' Alliance's research council.
- The TaxPayers’ Alliance are running a campaign on the national debt. This involves a digital debt clock tool which shows the national debt ticking up by £4,410 per second and £381,024,000 per day.