Witham MP and Exchequer Secretary to the Treasury, Priti Patel, has welcomed the Budget delivered by the Chancellor of the Exchequer and the new measures announced to support businesses, create jobs, help households save tax free, and support first-time buyers on to the property ladder.
The Budget also announced further increases in the personal tax-free allowance to £11,000, the abolition of the annual self-assessment tax form, a continued freeze fuel duty, meaning that drivers pay £10 less when they fill up their tanks than under Labour’s plans, and a commitment to lower corporation tax rates to 20% compared to the increases planned by Labour.
Priti also welcomed figures showing that as a result of the Government’s reforms to the tax system and growth in the economy, households are now £900 per year better off than in 2010.
The deficit and debt are falling, with record numbers of jobs in the UK economy are being created, with more job creation in the rest of the Eurozone put together.
The Conservative Party are committed to helping people realise their dream of owning their own home, and enjoy the security and stability that comes with that as a key part of our long-term economic plan to secure a better future for Britain.
Speaking on Wednesday, Priti said:
“The Conservatives are on the side of hardworking families and business, and my constituents will welcome the measures announced today.
“More help is being given to savers, pensioners, and those wanting to own their own home with the introduction of the Help to Buy ISA, as we restore the savings culture back to Britain.
“We are also supporting those who work hard by lifting more people out of tax with further rises to the personal tax free allowance while the planned increase in the top rate threshold, the introduction of the Married Couples Allowance, our action on fuel duty and the abolition of the annual tax return will leave people better off.
“This Budget delivers for my constituents in Witham and for the whole country. Over the last five years, because of the success of the Conservatives long term economic plan, taxes have been cut for families and businesses, people have more of their money to spend, and the economy is growing.
“I was also pleased to see that local charities such as Essex and Herts Air Ambulance will be receiving funds for new helicopters.
“In fifty days time at the General Election the public will have a clear choice between a Conservative Government which will continue to deliver growth, jobs and prosperity through its long term economic plan, or risk a return to chaos under Labour.”