For immediate release
Responding to the Comprehensive Spending Review, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“The lack of focus on value for money in today’s spending review will no doubt disappoint taxpayers.
“Coronavirus has undeniably left a large hole in the nation’s finances. But instead of forever dipping back into taxpayers’ pockets, the government should prioritise policies to get the economy going.
“With the tax burden at a 50 year high, targeted tax cuts will be vital for employment, productivity and, ultimately, economic growth.”
Responding to the state of the public finances, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“The spending review laid bare the sorry state of the public finances, and the long road required on the way back to recovery.
“With record peacetime borrowing and daunting levels of debt, there is no silver bullet the chancellor could have delivered today. Long term productivity gains and bumper economic growth are the only way out.
“To do that we need a robust and credible plan to repair the finances. While the partial public sector pay freeze is welcome, more sensible savings like this should go alongside meaningful pro-growth tax cuts and targeted deregulation.”
Responding to the foreign aid cut, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“It’s good to see the chancellor has pared back spending on overseas aid. We face an emergency here at home and taxpayers will welcome the £4 billion saving being kept back for priorities like the levelling up fund.
“There’s now no reason to keep the wasteful 0.7 per cent target in the future.”
TPA spokesmen 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.
The TaxPayers’ Alliance have published their landmark Save to Spend report, which recommends £43 billion of savings for the Comprehensive Spending Review.