This afternoon the Chancellor delivered his 2017 Budget in which he lays the foundations for a Britain fit for the future – investing for the long-term while supporting families and businesses under pressure now, setting a path to a more prosperous Britain.
Karen commented:
“I welcome the Chancellor’s Budget and am pleased to support new measures announced today to help hardworking people in Staffordshire Moorlands.”
Some of the new measures announced which will benefit people and businesses in Staffordshire Moorlands include the following:
- Building the New Economy, taking the National Productivity investment fund to £30 billion, investing in emerging technologies like AI and driverless cars, and backing business with a £2.3 billion package on business rates.
- Supporting families in their everyday lives, increasing the National Living Wage by above inflation, cutting income tax by raising the personal allowance, helping young people with the cost of travel, backing our great British pubs, freezing fuel duty for the 8th year, reducing the amount of time that people have to wait for Universal Credit and investing to support our NHS.
- Building the homes our young people need, setting a target to deliver 300,000 homes per year, reforming planning to unlock land for first time buyers, abolishing stamp duty for over 80 per cent of first time buyers and investing more to take government support for housing up to £44 billion.
- Getting Britain ready for Brexit. Investing a further £3 billion on top of the £700 million already committed to prepare Britain for every possible eventuality, and ensure we prosper as we leave the EU.
Karen added:
“Today’s Budget shows how the Conservatives are working to keep the economy strong, get the deficit down whilst investing in our public services."
To read Philip Hammond’s full speech please click on:
https://www.gov.uk/government/speeches/autumn-budget-2017-philip-hammon…