For immediate release
Responding to the Office for National Statistics’ (ONS) latest release showing a £2.9 billion surplus in January 2022, the first since January 2020, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“These figures show that the economy is well on its way to recovery.
“Lower than expected borrowing provides the headroom needed to offset the chancellor’s planned tax hikes and prevent them from stopping our fiscal progress in its tracks.
“The upcoming Spring Statement is the perfect time for the chancellor to go for growth by cutting taxes for taxpayers and businesses.”
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media contact:
Danielle Boxall
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.