"People are working with their nose to the grindstone all month and have next to nothing left over after sky-high bills and spiralling food prices. In years gone by people knew they could look forward to fish and chips with their family on a Friday night or a weekend trip to the cinema. Now those small joys the ones that make life worth living are becoming an unaffordable luxury for too many."
"Deputy leader and Treasury spokesperson Daisy Cooper has called on the Chancellor to cut VAT from 20% to 15% to boost footfall in Britain's pubs, restaurants and entertainment venues. She said the government should step in to help people obtain "small joys", such as a meal in a restaurant. This could be funded by a new windfall tax on big banks, originally proposed by the IPPR think tank, which Cooper claimed could raise around 30bn in total between now and 2030."
"The Lib Dems are also calling on the chancellor to cut energy bills by about 90 a year through axing the main renewables levy, which she claimed would bring energy bills down to the second lowest level since the energy crisis began in 2022. The Liberal Democrats say their two-pronged approach could be put in place immediately for the next 18 months and would save the average family 270 a month between now and"
The Liberal Democrats propose cutting VAT from 20% to 15% to boost footfall in pubs, restaurants and entertainment venues and make outings more affordable. Funding for the VAT cut would come from a proposed windfall tax on big banks, estimated to raise around 30bn between now and 2030. Polling indicates more than half of people find going out unaffordable. The party also calls for axing the main renewables levy to reduce energy bills by about 90 a year. The combined measures are presented as an immediate, 18-month package to reduce household costs.
Read at www.bbc.com
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