- As inflation soars to 9%, last night Conservative MPs in Parliament voted against a tax on the record profits of oil firms
- Local Liberal Democrat candidate calls for tax cuts and energy bill support to help families in Carshalton and Wallington through cost of living crisis
Last night, Conservative MPs, including Elliot Colburn, voted against a Windfall Tax on oil and gas companies to help people with their energy bills.
Despite 248 MPs voting in favour of the one-off tax on the record profits of multinational oil firms, Carshalton and Wallington's Conservative MP did not show their support for the proposal.
Analysis by the Liberal Democrats has found a Windfall Tax on Shell and BP alone would have raised a staggering £10bn in the first quarter of this year, enough to slash energy bills for millions of people.
Sutton Liberal Democrats have criticised the local Conservative MP for backing tax rises and failing to help people with the cost of living crisis.
The Liberal Democrats are calling for VAT to be cut from 20% to 17.5%, saving the average family £600 a year.
Liberal Democrat Parliamentary Spokesperson for Carshalton and Wallington Bobby Dean said:
“Local people are desperate for more help from the Government, but our local Conservative MP is more interested in toeing the party line than helping people in our area with soaring energy bills.
“Oil and gas companies are making a fortune out of the cost of living crisis. They have said themselves that these are unexpected record profits. Why is it controversial to suggest they give some of it back to struggling families in their time of need?
“This Conservative Government clearly cares more about the profits of gas companies than struggling people in Sutton.
“Boris Johnson has abandoned families and pensioners who are on the brink. The time to take action is now.”
Leader of the Liberal Democrats Ed Davey MP said:
“The oil companies are raking in billions off the backs of families and pensioners. The country is crying out for a windfall tax and can’t understand why Ministers won’t budge.
“With a winter of discontent looming on the horizon, this cost of living crisis is only going to get worse, and the public will never forgive Ministers for refusing to save them.”