Posted by: Jason's Staff | March 20, 2013

A Budget for Yorkshire

Jason welcomed Chancellor George Osborne’s budget which helps local people, local families and local businesses.

The personal tax allowance is being raised to £10,000 from April 2014, which will mean that from next year the Conservatives will have lifted 4,595 people in the Colne Valley, Holme Valley and Lindley out of income tax entirely, with 38,359 people seeing a reduced income tax bill by up to £700.

The budget scraps Labour’s planned fuel duty rise which means that Colne Valley families will save £170 a year. Pump prices will now be 13p a litre lower than they would have been under Labour’s plans.

The budget sees a new Employment Allowance which will take £2,000 off the National Insurance bill of every employer. 65,000 employers in Yorkshire and the Humber will have their NI bill reduced and 30,000 businesses will have to pay no tax on jobs.

Local pubs and breweries have welcomed the Chancellor’s decision to scrap the beer duty escalator and take a penny off the pint. 5,327 pubs in Yorkshire and the Humber will benefit from lower beer prices.

Local people and families with links to the armed forces welcomed news that the armed forces pay will be increased and that the fines from the Libor scandal will be going to military charities including Combat Stress.

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