Today Mary Macleod MP, Member of Parliament for Brentford & Isleworth, welcomed the Government’s Budget with its plan to reform the economy to support jobs and growth and to take steps to help families with the cost of living – including an immediate cut in fuel duty.
Key measures in the Budget to boost growth include:
- Tax cuts for businesses and entrepreneurs
- Scrapping burdensome regulations
- Radical reform of the planning system
- New investment in science and innovation; and
- More support for young people with additional apprenticeships and work experience places.
To help families facing the rising cost of living, the Budget also will:
- Immediately cut fuel duty by 1 pence per litre and delay April’s inflation rise in duty to next January. This means fuel duty is 6 pence lower than it would be under Labour.
- Introduce a Fair Fuel Stabiliser to tax oil companies more, to stop above-inflation rises in fuel duty
- Increase the Personal Allowance by a further £630 from April 2012. This means, just ten months into office, the coalition Government has taken 1.1 million low paid people out of tax altogether.
Welcoming the Budget, Mary said:
“Last year’s Budget brought Britain back from the brink of bankruptcy. The Government is right to stick to the plan to get Britain living within her means. This year’s Budget sets out plans to boost growth, help families and make our tax, pensions and benefits system fairer. Cutting the fuel duty immediately and cutting income tax for millions will be welcomed by households throughout the country and the residents of Brentford, Isleworth, Isleworth and Hounslow will benefit at a time when they need it most.”