On the day that the latest unemployment figures show a 25% drop here in Colne Valley, Holme Valley and Lindley from a year ago, Jason was in the House of Commons Chamber to hear the Chancellor George Osborne’s final budget of this Parliament.
Jason is pleased that this budget will help people in the Holme Valley, the Colne Valley and Lindley:
- Fuel Duty has once again be frozen delivering, cancelling Labour’s planned September increase meaning the longest duty freeze in 20 years. This saves the typical family around £10 when they fill up.
- Beer duty, cider duty and duty on Scotch whisky have all been cut, which will help our local pubs and 11 micro-breweries in Holme Valley, Colne Valley and Lindley.
- Local charities will be able to claim automatic gift aid on the first £8000 raise through sponsored events, an increase from £5000.
- ‘The personal tax-free allowance will rise to £10,800 next year and then to £11,000 the year after. 4 million of the lowest paid will have been taken out of income tax since 2010.
- A new Help to Buy ISA has been set up to help first time buyers. If you say up to £12,000 towards a deposit, the government will contribute up to £3,000.
- As a former RAF officer Jason was particular pleased to see an extra £75m of LIBOR fines allocated for former military personnel and regimental charities.
Furthermore, we will now end this Parliament with Britain’s national debt falling, and living standards at a higher level than when this government came to power in 2010.
For full information on the 2015 budget please click here.