Rob Wilson MP welcomed yesterday’s Budget as another step on the road to prosperity in Reading. The Budget shows:
· A growing economy - with Britain growing faster than any other major advanced economy.
· Record numbers of jobs – with 1.9 million more people now have the security of work.
· Rising living standards – with families an average of £900 better off in 2015 than in 2010.
· The deficit down by more than a half as a share of the economy.
· Our national debt starting to fall as a share of the economy
The Budget sets out a number of important measures to ensure prosperity in the future, including:
· Increasing the tax free personal allowance to £11,000
· Freezing fuel duty
· New ISAs to help people save and get onto the property ladder
· More than £3 billion extra money raised through cracking down on tax avoidance
Rob commented: “We are working through our long term economic plan, and the economy has been improving.
“This Budget is another step on the road from austerity to prosperity - with support for savers, lower taxes for people in work and a clear plan to make sure Britain pays its way in the world.
“Five years ago, Britain was spending and borrowing too much, too many people were out of work and our economy was on its knees. That’s why there is a critical choice facing us this year: return to the chaos of the past or stick with a plan that is working and choose a more prosperous future. We must choose the future.”