March 7 2015 Latest news:
Chancellor of the Exchequer George Osborne outside 11 Downing Street before heading to the House of Commons to deliver his annual Budget statement. PRESS ASSOCIATION Photo. Picture date: Wednesday March 20, 2013. See PA story BUDGET Lead. Photo credit should read: Lewis Whyld/PA Wire
Wednesday, March 20, 2013
George Osborne delivered his fourth budget today announcing it to be a budget which would help those who “work hard and get on”. Here are some of your MPs’ reactions to the budget.
Norwich South MP Simon Wright has welcomed measures announced in the Budget to help households deal with the costs of living, including an increase in the income tax threshold, scrapping planned fuel duty rises, and ending the beer duty escalator.
Mr Wright said: “I particularly welcome the increase in the income tax threshold to £10,000 from next April. This means that hundreds of thousands of people living in Norfolk will have a £700 tax cut compared to 2010, with many of the lowest paid being taken out of tax altogether.
“Scrapping the 3p fuel duty planned for September will also help many families in the county. The cost of filling up an average car will be £7 less than if the rises planned by the previous government had gone ahead.
“I strongly support the end of the beer duty escalator, and the 1p cut in beer duty. This will make a big difference to hard-pressed pubs in Norwich. Pubs play an important role in our city’s communities and are part of our heritage. Having previously raised the importance of scrapping the beer duty escalator with the Chancellor, I’m very pleased that he’s responded.”
Elizabeth Truss, MP for South West Norfolk, said: “I am delighted that the chancellor has cancelled the fuel duty increase. This will provide welcome relief for residents and businesses across South West Norfolk. In Rural communities cars are not a luxury but an essential aspect of everyday life and today’s announcement will ease the pressures on household budgets.
“The introduction of the ‘no jobs tax’ for small and medium sized businesses next year will be a real boost to Norfolk. The East of England has the highest proportion of SMEs in the country. In meetings with business forums from Downham Market, to Swaffham to Thetford, all have called on the government to ease the pressure on small businesses. Real financial help like this will allow our businesses to grow, enable entrepreneurs to create.
“I am extremely pleased that £3b worth of savings achieved within the government will be directed towards infrastructure projects. In South West Norfolk, expenditure on roads like the A11, rail and broadband roll out currently underway across the county will create jobs and generate growth benefiting all across the community. I will be maintaining the pressure on the government to invest in the A47. The announcement that the schools budget will be protected will ensure our children receive a high quality education necessary to compete in the global world. And the announcement of tax free childcare will further ease the financial pressure on working parents.”
However not everyone was pleased with the budget with Norfolk Labour MEP Richard Howitt complaining of a Budget which is ‘fiscally neutral’ and fails to give new hope to struggling businesses and unemployed young people seeking work.
Mr Howitt said: “This is the ‘jam tomorrow’ budget in which unemployment, debt levels and spending cuts are higher today, and promises for debt reduction, new investment and any prospect of new jobs are years away.
“If the Government won’t change course, the only course is to change the Government.”
With a reputation as one of the toughest people in business, many stores would shudder at the thought of getting the Mary Portas treatment.