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Andrew Mitchell MP welcomes a Budget for families and businesses in Sutton Coldfield

Sutton Coldfield’s MP, Andrew Mitchell, has welcomed the Chancellor’s 2013 Budget which supports people who work hard, save and aspire to a better life for themselves and their families.

The 2013 Budget:

Backs Families

  • The Budget offers tax-free childcare from 2015. The Government will pay 20 per cent of a working family’s childcare bills each year – up to £1,200 per child.

Backs Britain’s hard-workers

  • The Budget raises the Personal Tax Allowance to £10,000 from April 2014. This is a tax cut for 24 million people and individuals will pay £700 less in Income Tax than they did in 2010. 2.7 million people have been taken out of tax altogether.

Backs home-buyers

  • The Budget will help more people get onto the housing ladder. The Government has put forward £3.5 billion to give people equity loans of up to 20 per cent to help them buy newly built homes.

Backs job-seekers

  • The Budget will cut the National Insurance bill of every business by up to £2,000 from April 2014.

Backs British businesses

  • The Budget will cut Corporation Tax to 20 per cent by 2015.

Backs drivers

  • The Budget has frozen Fuel Duty. Pump prices will be 13 pence lower than under Labour’s plans leaving the average motorist with £170 more in their pocket over a year.

Andrew Mitchell MP said, “Whilst it is a tougher road than anyone hoped we are making progress and this Budget will keep Britain on track. I hope that my constituents will welcome the measures announced earlier this week designed to keep costs low for families and businesses in Britain.”

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