Jason welcomed the Chancellor’s Autumn Statement that will help the hardworking people of Holme Valley, Colne Valley and Lindley. George Osborne announced:
- A reform of Stamp Duty – 99.8% of people who pay stamp duty in Yorkshire and the Humber will pay the same or less.
- Around 60,000 apprentices in Yorkshire and the Humber will benefit from a reduction in their employer’s National Insurance Contributions. Since 2010 there have been 4,120 apprenticeship starts in Jason’s Colne valley constituency.
- Cutting Air Passenger Duty for children – from May a family travelling from Leeds-Bradford or Manchester Airport will pay no duty for under 12s. From 2016 the duty will also be abolished for under 16s.
- Ahead of Small Business Saturday on 6th December 68,000 small businesses in Yorkshire and the Humber will benefit from the extension to Small Business Rate Relief, with savings worth £51m. 48,000 of these businesses will pay no business rates at all.
- 20,000 small businesses in Yorkshire and the Humber will benefit from the £1,500 discount for retail properties.
- The personal tax allowance will be raised to £10,600 in April. That’s great news for the hardworking people of the Holme Valley, Colne Valley and Lindley, including those who have taken up one of the 1.8m new jobs created since this Government came to office, 85% of which are full time.
The above was on top of the announcement earlier this week which set out clear plans for investment in infrastructure, including roads, rail and local flood defences. Jason recently met with the Chancellor to ensure that the North gets its fair share of the deal.
Across Yorkshire and the Humber the plan commits to invest in:
- 8 major Strategic Road Network projects including the M62.
- £60 million national funding pot for local stations to bid for funding to improve access.
- The Northern Powerhouse, tending new franchises for Northern Rail and the Trans-Pennine Express, replacing the pacer carriages with modern trains.
To local people this means an improvement in connections between cities like Leeds, Bradford and York. It’s a huge boost for local households and businesses helping to deliver more jobs, growth and ultimately a better future for the hardworking people of Holme Valley, Colne Valley and Lindley.
The Chancellor’s statement also included our steps to reduce borrowing and bring welfare spending under control. The Chancellor’s speech can be read in full on www.gov.uk, as can the Autumn Statement document.