Poorest families suffering from higher taxes, TaxPayers’ Alliance argues

The TaxPayers’ Alliance (TPA) campaign group has called for lower taxes as the poorest families struggle to cope with the current levels.

The TPA, which is linked to the Atlas Network of free market advocates, has said the UK’s tax take was at a 50-year high of 34.6 per cent of GDP, while national current receipts are at a 21-year high as a proportion of GDP at 37 per cent.

Commenting, TPA chief executive John O’Connell said: “For all the talk of increasing taxes to help the poorest, the truth is that the steady growth of the tax burden often hits precisely those families the hardest, leaving them with less money to pay for the essentials.”

O’Connell highlighted that “other countries like the US and Australia” are cutting taxes, and the UK “should be looking to replicate that” in order to boost the economy and ease the burden on “the most hard-up taxpayers”.

US President Donald Trump reduced the corporate tax rate from 35 per cent to 21 per cent last year, while Australia has cut personal taxes.

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.