Sandwell's Conservative MPs voted AGAINST an urgent cut in VAT
This change would have saved 96,000 households in Sandwell £57,600,000 an average of £600.
Liberal Democrats had proposed a cut in VAT to help local families struggling with the cost of living. A VAT cut from the current 20% to 17.5% for one year would save 25,700 households in West Bromwich East, 27,000 households in West Bromwich West, and 23,800 households in Halesowen and Rowley Regis an average of £600 each. Back our petition to force a U-turn.
However, Sandwell's three Conservative MPs voted against this temporary cut in VAT that would have helped 96,000 households in our community as food, petrol and energy prices skyrocket.
Mark Smith, Chair of Sandwell Lib Dems said: “The Conservatives’ cost of living crisis is hitting many households hard. Sadly it is only going to get worse unless urgent action is taken.
“An emergency cut to VAT would have been a massive boost to people feeling the pinch by putting money back into their pockets. It would also help support local businesses, by boosting spending on the high street.”
An emergency change to VAT could be introduced quickly and easily by the Government for one year.
The Liberal Democrats believe this action should be taken now - as well as scrapping the Conservatives’ National Insurance tax hike, to bring much-needed respite to local families.
The Lib Dem plan to cut the cost of living:
1. Immediate cut in VAT to save people £600
2. Windfall tax on oil and gas mega-profits to fund reduction in energy bills
3. Scrap Conservative National Insurance rise
Back the Lib Dem campaign by signing our petition below…
We back a Cut in VAT