TaxPayers’ Alliance responds to ONS figures showing the largest monthly surplus since records began

For immediate release


Responding to ONS figures which revealed that January was the largest monthly surplus for the exchequer since records began, John O’Connell, chief executive of the TaxPayers’ Alliance said:

“A record high tax burden is filling the Treasury’s coffers like never before, as inflation and frozen thresholds drag millions more into higher bands.

“While debt remains a growing issue for the public finances, an even greater one is the unprecedented squeeze being exerted on household finances by the vice-like grip of increasing taxation.

“The chancellor needs to give taxpayers the break they deserve and cut income tax at the upcoming budget.”


TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)


Media contact:

Elliot Keck
Head of Campaigns, TaxPayers' Alliance
[email protected]
24-hour media hotline: 07795 084 113 (no texts)


Notes to editors:

  1. 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

  2. TaxPayers' Alliance's advisory council.

  3. ONS figures released today revealed that public sector net borrowing excluding public sector banks in January 2024 was in surplus by £16.7 billion, the largest surplus since monthly records began in 1993 in nominal terms.

  4. The TaxPayers’ Alliance is campaigning for a cut to income tax ahead of the budget.

  5. The TaxPayers’ Alliance recently revealed that an additional 4.5 million people are paying income tax compared to 2010.
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