Our three CONSERVATIVE MPs vote against an emergency tax cut which would have helped struggling families

20 May 2022
Tory tax cut block

 

By cutting VAT from 20% to 17.5% the Lib Dem amendment to the Queen's speech would have saved families an average of £600 each, and would have also reduced inflation by keeping prices down in the shops. However, it was blocked after 300 Conservative MPs, including Michael Fabricant, Kate Griffiths and Christopher Pincher, voted it down.

The Liberal Democrats are calling on the Chancellor Rishi Sunak to immediately bring in an emergency tax cut to help families facing soaring inflation and rising prices. The party is also calling for a windfall tax on the massive profits of oil and gas companies, to fund extra support for the most vulnerable families.

People are struggling with skyrocketing energy bills and rising food and fuel prices. But the Conservatives have done nothing to help, and instead have blocked our calls for an emergency tax cut.

The Liberal Democrats are fighting for a better deal for communities being let down and taken for granted by this Conservative government. Our plans for a VAT cut would put money back into people's pockets and boost spending in our high streets to support the economy.

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