Hinckley and Bosworth Lib Dems condemn “chaotic and incompetent” budget

21 Nov 2022

Hinckley and Bosworth Liberal Democrats have accused the Conservative Government of "incompetence and chaos" after the Autumn Statement saw tax hikes and cuts to services for people in Hinckley and Bosworth. The Chancellor's measures come in the wake of economic turmoil following the "mini-budget" which saw mortgage rates spike to record levels.

For months the party have been calling for a tougher windfall tax on oil and gas giants to help pay for help with energy bills and support for the vulnerable. They are also calling for a Mortgage Protection Fund to help people in Hinckley and Bosworth and across the country struggling to pay their mortgage, which they would fund through reversing tax cuts for the big banks.

Commenting on the Government's Autumn Statement, Hinckley and Bosworth Lib Dem Parliamentary spokesman Cllr Michael Mullaney said:

"This is the cost of chaos budget. Everyone is being forced to pay the price for this Conservative government's incompetence.

"People in Hinckley and Bosworth are being asked to pick up the bill for the Conservative party crashing the economy, while oil and gas giants are left off the hook. People here are being forced to suffer unfair tax hikes and cuts to our public services for years to come.

"We need a fair deal, including support for people unable to afford skyrocketing mortgage bills and rents, and protecting funding for local health services. This could be paid for by reversing tax cuts for banks and a proper windfall tax, instead of imposing years of stealth taxes on ordinary families. This is an out of touch Government which has no plan to help people in Hinckley and Bosworth with their bills."

Liberal Democrats are calling for

- Put a proper windfall tax on the profits of the fossil fuel giants.

- Introduce a new Mortgage Protection Fund to protect families from losing their homes because of the Conservative Property Penalty, paid for by reversing the Conservatives' unfair and unnecessary tax cuts for the big banks.

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