“Hiking taxes further instead of continuing to make savings is extremely misguided. The Conservatives are a low-tax party in rhetoric only.”
John O’Connell, Chief Executive of the TaxPayers’ Alliance, added: “The government already plans to increase the tax burden to a level unseen for 50 years so it beggars belief that they’re considering squeezing even more out of the spluttering economy.
“Such a shortsighted reaction of raising tax to fund politically expedient policies will be terrible for jobs and economic growth. As we’ve seen with corporation tax cuts, low taxes can generate greater revenues, with more money becoming available for essential public spending.
“The best way to help families has always been to leave more in the pockets of those who have earned it.”