Bloco de Esquerda demands urgent measures to combat rising cost of living in Madeira

The Bloco de Esquerda party in Madeira is demanding urgent action from the Regional Government to address the rising cost of living. Following meetings with citizens in the Bairro do Grémio, the party expressed deep concern regarding the increasing prices of housing, essential food items, and basic services.

The party criticized the current PSD-CDS regional executive for perceived passivity in protecting families from inflation and economic instability. Specific demands include the reduction of VAT rates—utilizing regional financial autonomy to allow for a 30% tax reduction—the implementation of price controls on essential goods and energy to prevent speculation, and stricter regulation of the housing market to limit the growth of short-term local accommodations.