Bexley MPs give verdict on Chancellor George Osborne's Budget
PUBLISHED: 16:37 21 March 2013 | UPDATED: 16:37 21 March 2013
Bexley's MPs have given their verdicts to the Budget announced by Chancellor George Osborne yesterday (March 20).
The income tax personal allowance will rise to £10,000 in 2014 rather than 2015 as previously announced, and other key points include a help-to-buy scheme for potential homeowners and childcare vouchers for parents.
Mr Osborne also said he will scrap the planned rise in fuel duty, which was due to take effect later this year.
Old Bexley and Sidcup MP James Brokenshire said: “This is a positive Budget providing important new support for families and businesses in this area.
“Raising the thresholds for income tax will deliver real support for people who aspire to work hard and get on. Freezing fuel duty will help families with the cost of living.”
But Erith and Thamesmead MP Teresa Pearce countered: “A disappointing budget with growth down and borrowing up:
“Growth will be lower than previously forecast this year and next year.
“The government’s fiscal plans are in tatters - borrowing is set to be £245 billion more than planned, the promise to balance the books by 2015 will not be met and the national debt will now not be falling until 2017 to 18.
“And families are paying the price with unemployment is rising, prices are rising and faster wages falling.”
Bexleyheath and Crayford MP David Evennett said: “This is an aspiration Budget that rewards those who work hard and do the right thing.
“Income tax will be cut again for thousands of my constituents and many of the lowest paid will pay no income tax at all. Families are struggling with the cost of living, so fuel duty has been frozen again.”
“We are helping those who are saving for their retirement and those who wish to buy their own home. Businesses will see their taxes cut and a new allowance to enable them to take on new staff.”