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We should not hold our breath for a budget surplus

The Summer Budget was a fiddly affair with sixty policies being implemented.The value to the treasury of each policy can be considered by: Its net value to the treasury – where revenue offsets spending. Its absolute value – ie its cash value. In 2020-21, the net value of all 60... Read more...

Direct Recovery of Debts legislation flies in the face of Magna Carta

A new TaxPayers' Alliance report, written by leading barrister Francis Hoar, demonstrates significant flaws in Direct Recovery of Debts legislation Principle of the right to justice through the courts, laid down in Magna Carta 800 years ago, at risk due to badly designed legislationDirect Recovery powers would see HMRC given almost unprecedented power over individuals, and oversights in legislation... Read more...

Bank levy backdown

With HSBC, the UK’s largest bank, and Standard Chartered debating whether to move their domiciles outside of the UK, the chancellor announced cuts to the Bank Levy and a change in its scope at his budget yesterday. What is being briefed as a positive response to competition concerns is in... Read more...

Summer Budget reveals spending increases

The Chancellor has announced substantial increases in spending in his first Conservative budget, compared to the plans he published in March under the coalition, before the election. Until today, spending was scheduled to stay roughly flat over the next three years, falling slightly from £743 billion this year to £740... Read more...

Costly delays to inquiry begin to add up

On the 7th July 2014, Theresa May, established an enquiry into the failings of public bodies in light of the nationwide paedophilia scandal of the preceding years. Nearly a year later, the website for The Independent Inquiry into Child Sexual Abuse was “declared to be formally opened”. The moral questions of... Read more...

Poor use of taxpayers' money in Cornwall

The poor use of European taxpayers’ money spent in Cornwall has been strongly criticised by a recent report. Key findings by an independent analysis of £465m of EU convergence money, meant to grow the economy in the South West between 2007 and 2013, highlighted the fact that 10,000 new jobs... Read more...

An opportunity for tax simplification

With the budget less than a week away, speculation is rife as to what will and won’t be included by the Chancellor. One issue that may now re-emerge from the proverbial long grass is that of bringing income tax and NI rates in line with each other. A simpler tax... Read more...

Yet again, our tax and benefit system fails to make sense

Last year the average UK household paid over £13,000 in taxes, the ONS revealed yesterday. The sheer scale of the Government’s tax and spend policies was highlighted by the fact that 51.5% of households received more in benefits than they paid in taxes, the equivalent of 13.7 million homes. Read more...

Two years of costly optimism on foreign aid

Yesterday’s Sunday Times reported how ministers at the Foreign Office were warned by the International Development Secretary nearly two years ago that taxpayers' money is going into ridiculous projects around the world in the name of aid. The Foreign Office's £343 million aid fund supported projects including an Ethiopian gameshow.  It... Read more...

Wales is the beacon of waste

This week, the Welsh Taxpayer has witnessed yet another waste of their hard earned money. Three top managers have opted to take lavish redundancy packages after yet another restructuring exercise by the Welsh Government. The Devolved Government which hasn’t even been operational for twenty years has seen several restructuring plans... Read more...

Why quantitative easing isn't the answer

A while ago we wrote about about why the TaxPayers' Alliance are worried about the current state of government debt and why you should be as well. More than one person pointed out that we can inflate away or use quantitative easing to magic (at least part of) the debt... Read more...

Temporary NHS staff earn excessive pay

Barts NHS Trust  is paying £47,000 a month to their temporary Director of Finance, Ian Miller - an annual total of £561,000. This is despite being on a temporary contract and in the wake of calls from Jeremy Hunt, the Health secretary, to end excessive NHS pay.  Worryingly for taxpayers, the trust has... Read more...

Southampton Taxpayers footing the bill for £15m museum

The SeaCity Museum in Southampton, opened in 2012, has seen its visitor numbers halve in the past year. Despite projecting visitor numbers at 115,550 for the year, there have been only 78,000. It is Southampton taxpayers, however, who have had to foot the bill. Although the £15m museum received a... Read more...

The Spending Plan has been explained

Yesterday our last 'Spending Plan Explained' post was published and with it is the end of this blog series. Thank you to all of you who commented, liked, retweeted and questioned our policies, even if you didn't agree with everything that was said it has been appreciated. To wrap up our campaign... Read more...

The Queens Speech: Our reaction explained

If you missed the Queen's Speech today you can read the full text here. You can find our press release here. Broadly, we were happy with the speech. Our Chief Excutive Jonathan Isaby said: "The Conservatives were elected on a mandate of protecting taxpayers and reducing spending, and the Queen's Speech delivered... Read more...

Welsh Politicians forced to take a 18.5% pay increase?

The Welsh Assembly’s Remuneration Board has forced a 18.5% pay increase upon members of the devolved government taking the pay of a back bench Assembly Member (AM) from £54,000 to a staggering £64,000. The Welsh Assembly’s Remuneration Board is an independent body established in 2010 to ensure that AM’s have... Read more...

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