Major Poll Shows Public's Perception of Tax Policies
In a surprising turn of events, voters now believe that Sir Keir Starmer, leader of the Labour Party, is more likely to cut taxes than Rishi Sunak, the current Chancellor of the Exchequer. This revelation has left anxious Tories in despair, as a major poll reveals that 52% of the public associate the Conservative Party with higher taxes, while only 42% think the same of Labour.
Concerns over Potential Tax Increases
The poll also shows that a significant 77% of respondents believe that they would face either the same or higher taxes if the Prime Minister is reelected, with this number dropping slightly to 66% if Sir Keir Starmer were to become the next Prime Minister. These findings put pressure on Rishi Sunak to alleviate the burden on struggling families and provide tax relief, especially as the Autumn Statement approaches.
Conservatives Urged to Return to Low-Tax Policies
Liz Truss, a prominent Conservative MP, has warned her party to remember its roots in low taxes and business-friendly policies. She argues that the Conservatives must demonstrate their belief in low taxes and the benefits of low-tax economies to regain public trust and support. Truss emphasizes the importance of creating economic growth and generating tax revenues to support public services.
Record High Tax Burden
The poll comes at a time when the tax burden in the UK is at a record high for peacetime, due to increases in headline tax rates and freezing of tax thresholds. Jim Harra, the head of HM Revenue and Customs (HMRC), has warned that an additional 1.2 million Britons will be paying taxes to the Treasury next year, bringing the total taxpayer population to 35.8 million.
courtesy of thesun.co.uk
Chancellor's Promise of Tax Cuts
Rishi Sunak's spokesperson has stated that the Chancellor intends to lower taxes at the "appropriate" time, once inflation is under control. This promise comes in response to public concerns and the growing demand for tax relief.
Public Perception of Taxation
According to the poll conducted by the UK Spirits Alliance, 52% of voters believe that they pay too much in taxes, while only 27% think they pay the right amount. A mere 8.2% of respondents believe that they pay too little in taxes.
The UK Spirits Alliance, an industry group, is urging Jeremy Hunt, the Health Secretary, to avoid implementing further increases in alcohol excise duty, which would have a detrimental impact on businesses and consumers across the country. Stephen Russell, owner of Copper Rivet Distiller in Kent, emphasized the importance of freezing duty to support both consumers and businesses.