For immediate release
Responding to the Office for National Statistics’s (ONS) Public Sector Finances February 2022, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“These figures give the chancellor some much-needed wriggle room to prevent the economy from going under.
“Soaring inflation may be multiplying our debt interest payments, but it is also increasing the tax take - meaning now is not the time for more tax hikes.
“The chancellor must use his spring statement to take action and go for growth, by giving taxpayers and businesses a respite from tax rises and scrapping the health and social care levy.”
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media Campaign Manager, TaxPayers' Alliance
24-hour media hotline: 07795 084 113 (no texts)
Notes to editors:
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.
TaxPayers' Alliance's advisory council.
- TaxPayers’ Alliance analysis showed two-thirds of the amount expected to be raised by the health and social care levy could be lost through slower growth.