Hours after hearing the Chancellor deliver his Budget in the House of Commons this afternoon; Rugby MP Mark Pawsey has welcomed the announcements included in the statement. From the rise in the personal income tax allowance to £10,000 in April 2014, to the fuel duty freeze and the tax cut to support jobs in Rugby, the Chancellor’s Budget has delivered for people in Rugby who want to get on in life.
Mark said:
“This Budget has delivered real support for people who aspire to work hard and get on in the UK and here in Rugby. Around 34,000 people in Rugby will be over £700 better off every year as a result of the tax allowance announcement that the Chancellor made in this Budget”.
Mark continued:
“And the positive news for Rugby residents did not stop there. The Chancellor’s announcement of another fuel duty freeze will save Rugby families £170 per year. Scrapping Labour’s planned fuel duty increase for September will save the average family £7 every time they fill up their car”.
Mark continued:
“The fuel duty freeze helps Rugby businesses too. We in Rugby enjoy a very enviable position at the crossroads of the UK which attracts businesses here. As a result of this fuel freeze the average haulier will save £5,200 per year and this is fantastic news for Rugby businesses. The new Employment Allowance the Chancellor announced will also help businesses. It will take £2,000 off the National Insurance bill of every business in the country. This is not only great news for businesses but also great news for people seeking jobs”.
Mark added:
“As a business owner before becoming Rugby’s MP I know businesses have concerns about costs when they think of employing new staff. For businesses who were planning expansion but had these previous concerns, this now means they can look to take on new staff without the additional burden of more costs to their businesses”.
Mark concluded:
“I know that when the Government announced reductions in expenditure there were worries that this would mean a reduction in employment. I very much welcome the statistics that the Chancellor pointed out during his Budget statement that shows that actually this Government has created many more jobs than have been lost. For every 1 job lost in the public sector, 6 new jobs have been created by the private sector. This is great news for the businesses and employees of Rugby and the UK as a whole”.