Dear Chancellor,
As you prepare to present your Budget, we have a crucial request for you – to use all available means to ease the financial burden on Mirror readers and households nationwide.
Recent years have been challenging, with soaring energy costs, rising food prices, increased borrowing expenses, and various other financial pressures. While there are indications that inflation may have reached its peak, the cumulative impact of multiple cost hikes has been significant.
We acknowledge the difficult financial situation inherited from the previous administration, limiting fiscal flexibility. However, the public is looking for relief and a sense of improved financial well-being.
One immediate step to assist would be to lower energy bills by removing the 5% VAT rate. We urge you to explore additional ways to reduce these bills, at least temporarily.
Furthermore, we implore you to fulfill your commitment to ensuring that those who are more financially advantaged contribute their fair share of taxes. Addressing the wealth gap is crucial, and your proposed measures could begin to tackle this issue.
It is also essential to prioritize economic growth. Increased growth leads to higher tax revenues, job creation, and enhanced wages. While tax increases may be necessary, they should be carefully tailored to avoid hindering economic expansion.
Support for economic growth can take various forms, from large-scale projects to assistance for struggling high streets and community pubs that serve as vital meeting places. Even modest funding now can catalyze substantial and lasting positive changes.
Despite skepticism, the current government has started making positive changes in people’s lives. Rather than focusing on limitations, we urge you to embrace possibilities and focus on what can be achieved.
Therefore, as you unveil your Budget, we urge you to consider the tangible steps that can be taken to enhance the well-being of all individuals in the country who are relying on your support.