Erewash MP Maggie Throup has welcomed the 2018 Budget and praised the Chancellor’s “optimistic yet sensible approach to the nation’s finances”.
Key measures contained with the Budget Statement delivered by the Chancellor of the Exchequer, The Rt. Hon. Philip Hammond MP included:
- a freeze on fuel duty
- a freeze on beer, cider and spirits duty
- a rise in the Personal Allowance to £12,500 a year earlier than planned
- a rise in the Higher Rate Threshold to £50,000
- increasing the National Living Wage by nearly 5%, from £7.83 to £8.21 per hour
- cutting business rates by a third for two years
- new investment in our NHS, schools and other key public services
Speaking after the Chancellor had deliver his Statement to the House of Commons, Maggie said:
“This is a Budget that works for everyone across Erewash and in particular I welcome the Chancellor’s decision to lower taxes and increase the National Living Wage, as well as to provide significant new investment to our NHS, Schools and other key public services.
“With record employment and a growing economy, it is clear that the last eight years of prudent fiscal policies implemented by a Conservative Government have restored our public finance to sustainable levels, whilst at the same time enabling us to take nearly one million people out of Income Tax altogether.”