The Budget this week is part of this Government’s long-term plan to give economic security to the families of Britain. The single biggest risk would be to abandon the plan and listen to Labour’s calls to borrow more, spend more and put up taxes. That would put the economic security of families throughout Sutton Coldfield at risk.
From April 2015 the personal allowance will rise to £10,500, cutting taxes for 25 million people and taking another 290,000 out of paying income tax altogether. This will mean here in Sutton lower taxes for around 35,779 people, with 456 people taken out of income tax altogether. This means people keeping more of the money they have worked hard to earn, giving them and their families more financial security for the future.
In addition from next week beer duty will be cut by a penny.
Help for Savers
The Budget will help those who want to save by
At a time of very low interest rates this will give a boost to help savers.
Boost for businesses and manufacturing
Measures announced in the budget to support businesses include:
I know from my mailbag that this Budget addresses a number of direct Sutton Coldfield concerns - I hope it will reassure that with the Conservatives the economy is in safe hands.