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The average family pays £656,000 in tax over their lifetime

The TaxPayers’ Alliance (TPA) shows that the average family pays £656,000 in tax over their lifetime. After years of the state overspending and misusing our money we now have a greater idea of how far this legacy cripples the finances of British families. The TPA’s latest research shows the total amount of direct and indirect tax that households will pay over their working lifetimes and in retirement. Based on the current level of taxes applying over a working lifetime of 40 years […]

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National Insurance Fund: No quick fix

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This post is by Tim Hewish, my Parliamentary Assistant. A number of Steve’s constituents have written to him regarding the National Insurance Fund (NIF).  The Fund was flagged in the media when it lost £4.5bn back in March which is the first time since 1993 that it had decreased. This was largely attributable to an increase in benefit payments and a reduction in National Insurance contributions. The argument being advocated by a select number of pension lobby groups is that the NIF […]

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