Member of Parliament for Sherwood Mark Spencer has welcomed today’s budget as good news for Sherwood. Mark said “There were several really positive announcements today which I think are going to make these difficult times a little easier for families in Sherwood. We still have a long way to go: the national debt more than doubled under Labour and we all know we must pay off that debt if the economy is to recover. However, I think these announcements will be welcome.
“Lots of constituents have been getting in touch regarding the cost of fuel and I think it’s fair to say that we’ve all been feeling the pinch at the pumps, particularly those who have to drive to work as so many in Sherwood do.
“Regarding fuel duty specifically, the Chancellor George Osborne has made the following announcement:
• There will be a 1 penny per litre cut in fuel duty from 6pm tonight and April’s inflation rise has now been delayed until January. This will mean that fuel duty is 6p lower than it would have been under Labour.
• We will also be abolishing Labour’s fuel duty escalator and replacing it with a fair fuel stabiliser that increases tax on North Sea oil when production prices are high, and delaying inflation increases this year and next, helping to cushion the blow of price fluctuations. This won’t transform prices at the pump, but at a time when oil prices round the world are spiking, it should help ordinary motorists.
• Together with the announcement that the personal allowance will be increased by a further £630 from April 2012 giving low and middle income workers a boost of £326 each every year and taking 83,000 people in the East Midlands out of tax altogether, we will be able to ease some of the pressure being felt in households across the country. This means that just ten minutes into office, this coalition Government has taken 1.1 million low paid people out of tax completely.
Government is also working to help young people. An extra 50,000 apprenticeships are being created for young people – bringing the total to 250,000 in the next four years. Mark said “We all know how important jobs are in Sherwood, particularly for our young school leavers and this announcement is exciting. Parents want to see their children working and settled so I am pleased to hear that first time buyers will also receive help with a new £250 million programme to help 10, 000 people get on the housing ladder.”
For more information or to arrange an interview with Mark Spencer MP, contact:
Madeleine Burns
Email: Madeleine.burns@parliament.uk
No comments:
Post a Comment