For immediate release
Responding to Reform UK's press conference on the economy, John O'Connell, chief executive of the TaxPayers' Alliance, said:
“Nigel Farage is right to position spending reductions at the heart of his fiscal policy given the rapidly deteriorating public finances. The fact that public sector pensions are in the crosshairs suggests they are genuinely serious about the scale of the challenge.
“But taxpayers will be worried that if tax cuts are delayed it could mean tax cuts are denied. The average household is now paying well over a million pounds in tax over a lifetime, meaning the tax burden is as severe an emergency as the surge in government spending.
“Reform policymakers need to conduct a detailed analysis of the tax system to identify immediate, growth-boosting tax cuts such as stamp duty as well as marginal tax thresholds to ensure they can provide instant relief.”
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.
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Research released today by the TaxPayers’ Alliance revealed that the average household will pay almost £1.3 million in tax over its lifetime.
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The TPA is running a campaign on the national debt, with a debt clock showing the national debt increasing by £4,959 per second.
- The TPA is calling for GDP per capita to replace GDP as the primary metric used for measuring the strength of the economy, after the group declared a personal recession in February 2025 following two consecutive quarters of falling GDP per capita.