The Conservative Government's stealth tax raid will cost the average family £420 in the East Midlands a year by 2026, research commissioned by the Liberal Democrats has revealed.
The tax hit will mean a total hit of £800million to taxpayers across the East Midlands.
The new tax hike on households follows the Government's refusal to increase income tax thresholds in line with inflation, which usually takes place each year. This means even more people will earn above the lowest income tax threshold, as well as be forced to pay higher bands of tax.
Residents in Hinckley and Bosworth are set to be hit hard by the expected devastating rise in energy bills in April, new figures have revealed.
Analysis by the Liberal Democrats shows that the average yearly bill for homeowners in Hinckley and Bosworth is set to skyrocket by £629 - the equivalent of over £52 month - once the new energy price cap comes into effect.
Liberal Democrat campaigners in Hinckley and Bosworth have signed an open letter to the Education Secretary, calling on him urgently to ramp up measures to help prevent the spread of the Omicron viariant in schools and colleges.
Hinckley County and Borough Councillor Michael Mullaney and Barwell Parish Councillor Mathew Hulbert have added their names to the letter, orgnised by the National Education Union (NEU) and signed by many Councillors and School Governors up and down the country, strongly urging Tory Minister Nadhim Zahawi to act.
Hinckley and Bosworth Liberal Democrats have today written to the Secretary of State for Energy Kwasi Kwarteng demanding that he backs the party's call for a "Robin Hood" tax on the super-profits of oil and gas firms, to raise money to support local families facing soaring energy costs.
The proposed one-off levy could raise over £5 billion to help support families in Hinckley and Bosworth as their energy bills sky-rocket.
Local Lib Dems are delighted that long-standing Burbage resident Russell Turner has decided to stand in the Parish Council by-election on 20th January caused by the resignation of an independent Parish Councillor.
Russell Turner has lived in Burbage for 51 years. He attended Grove Road, Sketchley Hill and Hastings schools. Russell works for a global engineering company where he supports the UK armed forces and renewable energy sectors. He was a carer to his elderly parents for many years.
Liberal Democrats celebrating extraordinary by-election victory overnight in North Shropshire
The Liberal Democrats are on track to win seats across the country at the next General Election, including Hinckley and Bosworth following their historic by-election victory overnight.
The Liberal Democrats won the once safe Conservative seat of North Shropshire, overturning the Conservatives majority of almost 23,000 votes. It is the second parliamentary by-election the Liberal Democrats have won against the Conservatives this year, following their victory in Chesham and Amersham over the summer.
A petition run on Hinckley market place got a big response on Saturday. Hundreds of people signed a petition calling on the government to provide more powers to the Financial Conduct Authority, to prevent the banks carrying out further mass branch closures.
Helping to run the stall was Hinckley Councillor Michael Mullaney. Michael said "Thanks to everyone who signed the petition, we had a fantastic response. People were furious that the banks are carrying out largescale bank closures, when so many people are not able or comfortable with internet banking.
Ahead of Small Business Saturday, local Lib Dems call for small businesses in Hinckley and Bosworth to be given a tax cut, saving them an average of £5,000.
The tax cut would help businesses including local restaurants suffering from Christmas cancellations following new Covid restrictions
Figures reveal hit to businesses in Hinckley and Bosworth from Conservative National Insurance tax rise
Ahead of Small Business Saturday, the Liberal Democrats have called for taxes to be slashed on small businesses. Local Liberal Democrats have backed the proposals which would benefit 2,100 small businesses and entrepreneurs in Hinckley and Bosworth, from cafes and restaurants to high street shops.
The proposed tax cut would save small businesses an average of £5,000 a year by aiding them with staff costs. It would be achieved by quadrupling the Employment Allowance to £16,000 for a period of two years. This would allow a small business to employ five people on an average salary without paying any National Insurance contributions. 1.1 million businesses would be eligible for this tax cut, which would save them an estimated £5.5 billion next year.
It comes as a record number of small businesses say they are struggling with rising costs whilst new Covid restrictions loom, according to a recent survey by the Federation of Small Businesses. Local restaurants have also reported a surge in Christmas bookings being cancelled, setting owners back thousands of pounds.
Meanwhile, the Conservatives have announced small businesses will have to pay more National Insurance contributions in the new year, despite facing a tough winter. Research by the House of Commons Library has shown the Conservative plans are set to hit an estimated 1,500 local businesses in Hinckley and Bosworth with a £4,200,000 tax bombshell.
Hinckley Liberal Democrat Councillor Michael Mullaney, said:
"Our local shops and restaurants are the backbone of our community and must be helped through a tough winter. Businesses Hinckley and Bosworthre struggling with mounting bills and worries about the impact of the new Covid variant in the coming weeks. We need to help them now with a big and bold offer.
"It is disgraceful that local businesses in our area are being forced to pay even more tax by this Conservative government. We should help small businesses who have already suffered so much during the pandemic. That is why I am backing calls for our local businesses to receive a tax cut."
Leader of the Liberal Democrats, Ed Davey MP, said:
"Cafes, shops and start-ups are all looking at this winter with dread, yet all Boris Johnson can muster up is a massive new tax bill. The Conservatives must be living on another planet if they think the answer to business owners' problems is to put up their taxes.
"This country was promised tax cuts by the Conservatives, but yet again their promises have been proven not to be worth the paper they are written on.
"People and businesses need help now. I want to give our dedicated local business owners and entrepreneurs a helping hand, and to truly unleash Britain's potential."
Hinckley and Bosworth Borough Council has backed a campaign to save remaining bank branches. It comes as TSB announced today that it proposed to close 70 of its remaining bank branches including the one in Melton Mowbray.
The motion was proposed by Hinckley Lib Dem councillor Michael Mullaney. Michael said "It's vital we protect the remaining bank branches that we have in Hinckley and Bosworth.
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