THE AUTUMN Statement from the Chancellor looms over our heads today – and this is what the people of Southampton want.
Inflation rose to 11.1 per cent in October – the highest in 41 years – and people are calling for more support with rising energy bills.
Chancellor Jeremy Hunt will delver his Statement today and this is what Southampton residents are hoping to hear.
Cut VAT
Petya Parvsheva, 41, of The Fish Station on East Street says a way to help businesses weather the storm would be to cut VAT rates.
READ MORE: The people with a message for the Chancellor as Autumn Statement looms
She said: “They cut the VAT rate during the pandemic, why don’t they do this again?
“When you’re paying £4,000 for electricity and gas and then you have to pay VAT at 20 per cent, why don’t they cut this?”
Cap business energy rates
James Egan, 27, the managing director of estate agency Edison Green said: “We’re appealing a cap on business energy rates, as right now there is support to households but there aren’t any for businesses.
“Our business energy rates have gone crazy and there is no cap for it.”
Control energy prices
Ged Gorrie, owner and manager of Shenanigans in Carlton Place, would like to see measures to help control energy bills and no rise in beer duty costs.
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“I think people are uncertain,” he said. “I would just like to see some stability. Some certainty for us and for everybody.”
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