Press Releases TaxPayers’ Alliance responds to reports that Rachel Reeves will increase inheritance tax For immediate release Responding to reports that Rachel Reeves is set to increase inheritance tax at the budget, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Taxpayers will be dismayed at reports that the chancellor intends to increase inheritance tax in the budget. “With the threshold already
Press Releases TaxPayers' Alliance responds to Starmer’s refusal to rule out raising employer National Insurance For immediate release Responding to the prime minister’s refusal to rule out raising employer National Insurance in PMQs, John O’Connell, chief executive of the TaxPayers' Alliance, said: “Taxpayers will be nervous at the prime minister’s refusal to rule out raising employer National Insurance. “Hiking this tax
Blog The energy windfall tax is economic self harm When the Energy Profits Levy (EPL) was introduced in May 2022, the reasoning was that the war in Ukraine had distorted the oil and gas market. This had led to far higher profits for energy companies through no improvements on their part, nor from any fault of the British people.
Blog Why raising capital gains tax is a lose, lose The UK is experiencing death by debt. As the Taxpayers’ Alliance new debt clock tool shows, debt is continuing to tick higher and higher without any reprieve. Currently, the debt clock shows the national debt at over £2.5 trillion, and is rapidly increasing at a rate of £382 million