For immediate release
Responding to a pre-budget speech by the chancellor of the exchequer, Rachel Reeves, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“Taxpayers will feel like the wind has been taken out of them after a gut punch of a speech by the chancellor, who has effectively confirmed reports of significant tax rises.
“Rachel Reeves said in her speech that her choices at the upcoming budget will shape the country for years to come, and there’s now little doubt that just like her first budget it will do severe and long-term damage to the economy, to household budgets and to trust in politicians.
“It’s still not too late for the chancellor to abandon plans to increase taxes and instead focus her fiscal policy on bringing down the spiralling cost of government.”
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 research council.
- TPA research out this week revealed that the average household will pay almost £1.3 million of taxes in a lifetime, including almost £600,000 in income tax alone, based on 2022-23 data.