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"Ease the credit crunch blues", say Lib Dems as prices continue to soar
October 6, 2008 12:00 AM
Lib Dems like Vince Cable MP and Ed Bridges want to see tax cuts for ordinary families struggling to cope with rising prices.
Like everyone else in the country, residents in Cardiff are suffering from rocketing food and energy prices.
The government's own figures show that the cost of bread is up by a fifth, butter and eggs by over a third, and potatoes by over a quarter.
Local campaigner Ed Bridges recently joined forces with Lib Dem Shadow Chancellor Vince Cable MP to highlight the real increase in the cost of living.
They found that the price of a basket of ordinary groceries has risen by 26% in just one year!
"People are feeling the pain of the credit crunch and rocketing prices," said Ed Bridges. "The government is doing too little, too late to help people get through the hard times. We need to put money back in the pockets of people who are struggling to make ends meet. Liberal Democrats are calling for a 4p cut in the rate of income tax, paid for by upping taxes on pollution and closing tax loopholes used by the rich."
Vince Cable MP added: "The Liberal Democrats would get tough on unnecessary and wasteful government spending, and use some of the money saved to cut taxes for those on low and middle incomes, to help people cope with soaring prices."
For more details about the Lib Dems' economic recovery plan, visit: http://www.libdems.org.uk/policies/economy
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