Reacting to the Budget, Tax Justice UK executive director Robert Palmer said:
“This is a welcome downpayment to fix our public services, paid for in part by a set of mildly progressive tax rises. Public services are in a state of disrepair and this budget will provide billions to help the country to turn a corner. The Chancellor has reached for broad-based tax rises on employment, with only disappointingly small increases to taxes on the wealthiest. The changes mean that those who get their income from wealth will still pay a much lower rate of tax than those who work for their living.
“However, the investment announced today isn’t enough to truly get our NHS working, fix our creaking public infrastructure or ensure that people are supported with the cost of living. It’s disappointing to see how tight the budgets are for some departments, which will mean cuts to services. Rachel Reeves must build on what she’s announced by further increasing taxes on the super-rich and wealthy companies to raise funds to meet the scale of the challenge and properly rebuild our country.”
ENDS