March 23, 2022
1 min read

SPRING STATEMENT: Too Little, Too Late

VIRENDRA SHARMA: “The Conservative’s budget is too little, too late, the current cost of living crisis is the result of 12 years of the Conservative government. Before the Russian invasion of Ukraine, inflation was already spiralling, and Tory choices had left us exposed to rising costs, the price of petrol, food and energy are still soaring, and people are worried about the future.

The Conservative Chancellor Rishi Sunak is choosing to bring in a National Insurance rise at the worst possible time and will have an enormous impact on working people and business. Rishi Sunak must halt this deeply unfair tax rise that is hitting 27 million workers.
I support calls for a one-off windfall tax on oil and gas producers to cut household energy bills by up to £600. Big Energy has more money than it knows what to do with, they can help cut the cost of living and invest in our country.
What we know is that we must grow our economy, to get us out of this high tax, low growth trap. With Labour’s plan to buy, make and sell more in Britain, and our Climate Investment Pledge, we’ll get our economy firing on all cylinders.”

(Mr Virendra Sharma MP, Member of Parliament for Ealing Southall )

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