Accountants based in Sidcup, UK

MPs consider changes to help tackle increasing cost of living

03 May 2022

With inflation increasing energy and food prices, ministers have pitched ideas to help tackle the cost-of-living crisis.

Inflation figures published by the Office for National Statistics (ONS) recently showed that inflation rose to 7% in the year to March.

Prime Minister Boris Johnson called for innovative ideas that don't rely on spending taxpayer money to help combat rising prices. Amongst the ideas put forward by ministers were relaxing the frequency of MOTs and lowering the legal limits on adult supervision of children in order to reduce childcare costs.

Chancellor Rishi Sunak outlined that government departmental budgets are already set and warned that inflation should not be fueled further.

Meanwhile, Sir Ed Davey, Leader of the Liberal Democrats, called for an emergency Budget, a cut in VAT and a windfall tax on the profits of oil and gas companies.

Try a site search Tax return, dividends, pension, audit...

Company details

0208 3002307

Opass Billings Wilson & Honey LLP, Numeric House, 98 Station Road, Sidcup, Kent DA15 7BY
About us

Led by a management team qualified and experienced in our business disciplines, and assisted by technical and administrative personnel, we offer a wide range of business, tax and advisory services.

Read more

© 2024 Opass Billings Wilson & Honey LLP. All rights reserved. We use cookies on this website, you can find more information about cookies here.
Registered in England. Partnership No. OC341377. Registered office address as above.