Tackling the Cost of Living and Growing the Economy
The Conservatives have crushed the economy and people across the Wyre Forest have been left paying the price. Mortgage have skyrocketed and energy bills remain too high. We are calling for an emergency support fund for mortgage borrowers, for those residents most at risk of losing their homes. The Liberal Democrats are also calling for measures to support and safeguard renters, and would extend Free School Meals to all children in primary education and all secondary school children whose families receive Universal Credit.
Lib Dem plan to tackle the cost-of-living crisis
✅ Help people with the cost of living and their energy bills by implementing a proper, one-off windfall tax on the super-profits of oil and gas producers and traders.
✅ Protect the 'Triple-lock' on pensions, ensuring pensioners are protected from inflation.
✅ Make taxes fair, ensuring that tax burdens don’t fall disproportionately on low earners, reversing the Conservatives’ tax cuts for big banks, and abolishing the separate Capital Gains tax-free allowance, to tax income from wealth more similarly to income from work.
✅ Give taxpayers real value for money, by clamping down on tax avoidance and evasion, narrowing the tax gap, and giving HMRC more resources to properly tackle tax fraud, which has cost the taxpayer billions under the Conservatives.
✅ Safeguard the UK’s economic prosperity while making the investments our country needs. We will make sure that day-to-day spending does not exceed the amount of money raised in taxes over the medium term, with additional flexibility during periods of economic crisis.
✅ Uphold fiscal responsibility by ensuring that all fiscal events are accompanied by forecasts from the Office for Budget Responsibility.
