08-29-2022, 01:02 PM
The Liberal Party notes with increasing horror the latest projections on inflation and energy bills over the coming winter and the rise of the energy prices cap to £3,549 per year for domestic customers.
Latest projections see inflation exceeding 18% and annual energy costs approaching £6000 a year, forcing an ever-increasing number of families into fuel poverty whilst businesses are already suffering after being excluded from this protection.
Many small businesses in our high street will be unable to meet these increased energy costs, in particular hairdressers, pubs, and cafes for example. An additional concern is the number of people who will be made redundant or laid-off due to increased energy prices as business falter.
The Liberal Party believes that the first responsibility of government is to protect the livelihoods and health of the citizens of this country.
We believe targeted assistance should be delivered through a combination of tax cuts, lifting the income tax threshold to £20k, and through the benefits and pension’s systems whilst we propose a rise in the threshold for VAT registration for small businesses and the self-employed to £150k.
Latest projections see inflation exceeding 18% and annual energy costs approaching £6000 a year, forcing an ever-increasing number of families into fuel poverty whilst businesses are already suffering after being excluded from this protection.
Many small businesses in our high street will be unable to meet these increased energy costs, in particular hairdressers, pubs, and cafes for example. An additional concern is the number of people who will be made redundant or laid-off due to increased energy prices as business falter.
The Liberal Party believes that the first responsibility of government is to protect the livelihoods and health of the citizens of this country.
We believe targeted assistance should be delivered through a combination of tax cuts, lifting the income tax threshold to £20k, and through the benefits and pension’s systems whilst we propose a rise in the threshold for VAT registration for small businesses and the self-employed to £150k.