For immediate release
Responding to the cut to interest rates, Darwin Friend, head of research of the TaxPayers' Alliance, said:
"An interest rate cut is welcome news for taxpayers, particularly given the calamitous level of public sector debt.
"While this cut will reduce the burden of public sector debt interest payments, it won't solve the root cause, namely successive governments borrowing too much on the country's credit card.
"Labour need to learn the lesson of previous governments and crack down on spending so that funds can be funnelled into front line resources instead of servicing debt."
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media contact:
William Yarwood
Media 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 advisory council.
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The TaxPayers’ Alliance has relaunched its debt clock, which shows the UK national debt increasing by £4,410 per second and £381 million per day.