Spring Statement: Families in Hitchin and Harpenden to pay the price for Chancellor's failure

The Liberal Democrats have slammed the Spring Statement as a "massive missed opportunity" to help families in Hitchin and Harpenden.

The party has called for the standard rate of VAT to be reduced from 20% to 17.5% for one year. It comes after the Chancellor's lacklustre Spring Statement failed to adequately protect local families from soaring bills and the Conservatives' worsening cost of living crisis.

The Lib Dem plans would support the economy by boosting spending on local high streets. The proposals would also be expected to keep inflation down by making the prices of everyday items lower than they would have been.

Sam Collins, Liberal Democrat Parliamentary Candidate for Hitchin and Harpenden, said:

"People across our community were looking to Rishi Sunak today for a helping hand in facing this once in a generation cost of living crisis. Eye-watering price hikes are leaving many in Hitchin and Harpenden struggling to make ends meet. 

"This was crunch time for the Chancellor and the Conservatives, and they haven't stepped up to the mark. It's families in Hitchin and Harpenden who they have clobbered with unfair tax hikes, and who'll pay the price for this massive missed opportunity.

"Rishi Sunak should stop putting his pride before people, scrap his punishing tax hikes, and back Liberal Democrat calls for an emergency cut to VAT. This would put £19 million back into the pockets of over 32,000 households in our area and support our local shops, cafes and restaurants."

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