For immediate release
Responding to the Budget, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“Some concrete wins for taxpayers can’t hide the massive spending pledges eating up our fiscal headroom.
“Cuts to business rates, alcohol duties and a cancellation of planned fuel duty hikes will all be welcome news for families and entrepreneurs struggling under a historic high tax burden, which overall will continue to grow.
“But as the chancellor reeled off one huge spending pledge after another, many taxpayers will be left wondering why there was no mention of saving money and eradicating waste elsewhere to pay for it all.
“Targeted tax cuts with more responsible spending would have delivered a much stronger boost to growth while giving much-needed respite to taxpayers and businesses under the cosh.”
Responding to the changes in alcohol duties, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“After being battered by the pandemic, punters, publicans and producers will be raising a glass to these reforms and rate cuts.
“Shaking up alcohol duties has been a long time coming and big moves to simplify the system are a welcome signal of support for the Great British pub and the hospitality industry more broadly.”
Responding to business rates reforms, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“These reforms are a big win as rates are one of the most damaging taxes for small firms, especially those on our high streets.
“Revaluations every three years instead of five, as the TPA recommended to the Treasury, will ensure that rates better reflect economic reality.
“It’s vital that the government continues to work on how it can help the high street with lower taxes.”
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.
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TaxPayers’ Alliance research in July 2021 found that almost one third of the price of a pint is paid in tax.
- The TaxPayers’ Alliance called for business rates revaluations every three years in their submission to the HM Treasury fundamental review of business rates consultation in August 2020.