Close Menu
Asberth News Network
    Facebook Instagram
    • Home
    • Privacy Policy
    • Terms of use
    • Download App
    Facebook Instagram
    Asberth News Network
    • Home
    • Latest News
    • Breaking News
    • Local News
    • Regional/International News
    • Sports
    • Opinion
    • Back to School
    Asberth News Network
    Home»Economy»VAT reduction among NDP’s plans to tackle high cost of living
    Economy

    VAT reduction among NDP’s plans to tackle high cost of living

    August 10, 2023Updated:August 10, 2023No Comments2 Mins Read
    Facebook Twitter LinkedIn Email Telegram WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Leader of the Opposition and President of the New Democratic Party (NDP), Honourable Dr Godwin Friday, has renewed his call for the government to take action to tackle the high cost of living in St Vincent and the Grenadines.


    In August 2022, Dr Friday outlined in a national address, the gravity of the situation and the need for immediate action. Twelve (12) months later, the government has not implemented any measure to reduce the rising cost of living.

    It shows that the government is out of touch with the reality of high prices and hard times for our people.


    Dr Friday said, “Go into any store, talk to any person and they will tell you, they are struggling, and they need relief. In the long term, we need a national strategy to create more and better paying jobs to raise the standard of living for every person in our country. Our people need support now. That is why the NDP has proposed a 5-point action plan that would provide support to Vincentians.

    The government members are saying they are doing all they can, but I challenge any one of them to go on a walkabout, go into a shop, and talk to people, they are worried about expenses and making ends meet ahead of the upcoming school year.”
    The NDP’s plan includes:
    1) Reduce VAT from 16% down to 13%
    2) Reduce the Customs Service charge,“the Big Tax on Everything”
    3) Increase support for lower income families
    4) Reduce the impact of the fuel surcharge on VINLEC bills
    5) Review the list of VAT items with a view to increasing the number of zero-rated items.
    Dr Friday added: “The time for action is now. The NDP will always prioritise the national interest ahead of any political or public relations considerations.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    BOYCOTT AT THE MARRIOTT: Prime Minister and Police Commissioner Greeted by Empty Chairs at $150K Award Ceremony

    May 28, 2025

    St Lucia PM  Announces VAT Removal on Select Food Items by July 1

    May 20, 2025

    US forges ahead with 104% tariffs on China, says willing to talk to other countries

    April 8, 2025

    Trinidad Prime Minister calls   Election – April 28th,2025

    March 18, 2025
    Add A Comment

    Comments are closed.

    • Home
    • Latest News
    • Breaking News
    • Local News
    • Regional/International News
    • Sports
    • Opinion
    • Back to School
    Our Socials
    • Facebook
    • Instagram
    ANN

    Asbert News Network is the premier destination for local, regional and international news in St. Vincent and the Grenadines. It’s tomorrow’s news today.

    © 2025 Asbert News Network
    • Home
    • Privacy Policy
    • Terms of use
    • Download App

    Type above and press Enter to search. Press Esc to cancel.