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.
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