Spring Statement: Families in Eastbourne 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 Eastbourne.

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.

Liberal Democrat Spokesperson for Eastbourne, Josh Babarinde OBE, said:

"People across our community were looking to Rishi Sunak yesterday for a helping hand in facing this once in a generation cost of living crisis. Eye-watering price hikes are leaving many in Eastbourne 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 Eastbourne, 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 £16,740,000 back into the pockets of 27,900 people in our area and support our local shops, cafes and restaurants."

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