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.”
