For immediate release
Responding to the spring statement, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“Taxpayers suffering through a cost of living crisis will welcome wins on fuel duty and income taxes.
“Soaring inflation has given the chancellor extra wiggle room, but this tax plan needs to come alongside an efficiency drive to eradicate waste and tackle the colossal cost of covid.
“Rishi must get a grip on spending if he wants to restore balance to the public finances while boosting growth and letting taxpayers keep more of their own money.”
Responding to a promised 1p cut to income tax following existing planned tax rises, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“Though a cut in income tax is welcome, in reality the Treasury is taking with one hand to give away with the other.
“Cutting income tax down the line will be easily offset by the upcoming national insurance hike and freezing income tax thresholds, leaving taxpayers out of pocket overall.
“If the government wants to give taxpayers and businesses a respite from rises, they’d do well to simply scrap the health and social care levy.”
Responding to the raising of the national insurance threshold, John O’Connell, chief executive of the TaxPayers' Alliance, said:
"The alignment of income tax and national insurance is a welcome step to simplifying the tax system.
“The chancellor should take this chance to combine the two into a single income tax and offer a really radical reform of the tax code.”
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 analysis showed two-thirds of the amount expected to be raised by the health and social care levy could be lost through slower growth.
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The TaxPayers’ Alliance has previously proposed aligning national insurance and income tax in one go by matching alignments for seasonal workers and those with multiple jobs, streamlining the tax system and saving workers hundreds of pounds each year.
- In 2012 the TaxPayers' Alliance released the Single Income Tax, which proposed merging income tax and national insurance.