The Chancellor today announced critical measures that will be welcomed across West London. The personal tax allowance will rise further, meaning people will keep more of the money they earn before income tax kicks in. Labour’s planned fuel duty rise has been cancelled. Small businesses rate relief has been extended for another year. We have also seen a range of capital infrastructure projects to boost growth up and down the country.
The measures announced today will support the cost of living for households and unlock growth for our businesses and industry.
Local MP Mary Macleod commented:
“This is fantastic news for my constituency. Thousands of my residents will get an income tax cut and people who drive will welcome the cancellation of a rise in fuel duty that the Labour Government had planned for. “
“I was also very pleased to hear about the cut in corporation tax and the small business rate relief. We have so many great businesses in West London and I spoke in Parliament during the Autumn Statement debate to mention how Aker Solutions have increased their UK jobs from 30 to 1300. What’s more, the raft of capital infrastructure projects will unlock growth and equip Britain to compete in the global race. “
“Times are tough. But the economy is healing – and the measures announced today will bring welcome support to local families and businesses”