TaxPayers' Alliance reaction to Budget 2013
- Published on Wednesday, 20 March 2013 15:16
- Posted by Vicki Mitchem
The Chancellor of the Exchequer, George Osborne, announced a number of welcome measures to relieve the tax burden on struggling families in today's Budget, including:
Cut in beer duty, and the abolition of the beer duty escalator. A major victory for the MashBeerTax campaign organised by the TaxPayers' Alliance (TPA), working with other campaigners for lower beer duty.Another freeze in fuel duty, following the freeze last year after the TPA FreezeFuelTax campaign.An increase in the Personal Allowance.A cut in Employers' National Insurance.A cut in Corporation Tax to 20 per cent, which will be passed on to workers in higher wages.
However, the TPA has warned that the Chancellor is still relying too much on complicated measures to help specific industries, rather than making fairer and simpler changes to the overall tax structure.
Reacting to today's Budget, Matthew Sinclair, Chief Executive of the TaxPayers' Alliance, said:
"George Osborne has announced welcome relief for people struggling with the high cost of living. The cut in beer tax, the freeze in fuel duty and the higher personal allowance will all ease the pressure on family budgets. Lower Employers' National Insurance and Corporation Tax will also be passed on to workers in higher wages.
"Unfortunately, the great limitation of this budget was that it relied far too much on complicated targeted reliefs instead of tax cuts across the board. Simpler, strategic tax reforms that reduce the overall burden would be fairer and do more to produce the stronger economy Britain needs."
Source: TaxPayers' Alliance