- By sticking to the plan to halve inflation and strengthen the economy, the Conservative Government have unveiled a Budget that continues to support with the cost of living by cutting taxes, supporting parents with childcare and cutting the cost of fuel at the pump.
- This Budget supports families across Stevenage, putting more money in their pockets to help with the cost of living, reward hard work and build a brighter future for people.
Alex Clarkson has welcomed the Conservative Government’s Budget, sticking to the plan and supporting more families across Stevenage with the cost of living.
By sticking to the plan, and more than halving inflation from 11.1. per cent to 4.0 per cent, the Conservatives are tackling the cost of living, with wages continuing to grow and mortgage rates starting to come down.
At the Budget the Conservatives have gone further to support families by putting more money back in people’s pockets through tax cuts, supporting more parents with the cost of childcare and freezing fuel duty for the fourteenth consecutive year.
The cut to National Insurance, together with the tax cut announced at the Autumn Statement 2023, means a hard-working family in Stevenage with two earners earning the average wage – £35,400 – will receive a combined annual tax cut of £1,827.
The cut to the High-Income Child Benefit Charge means a family with two children in Stevenage whose higher earner has an income of £65,000, will gain around £1,664 towards the cost of their childcare.
These measures build on significant cost of living support including £900 cost of living payments for eight million families, a record boost to the National Living Wage and the increase of the State Pension and working age benefits.
This Budget builds on the Conservative Government’s work to stick to the plan to deliver a brighter future for Britain.
Commenting, Alex Clarkson said:
Although inflation is down from 11.1 per cent to 4.0 per cent and wages are growing, I am pleased the Conservative Government is continuing to help families across Stevenage with the cost of living.
This Budget builds on significant cost of living support by putting more money back in people’s pockets, cutting the cost of childcare and freezing fuel duty.
The Government have been able to put forward these measures thanks to the long-term decisions the Conservatives have taken, sticking to the plan to strengthen our economy, and helping to secure a brighter future for families across the country.
Commenting, Chancellor of the Exchequer Jeremy Hunt MP said:
Because the Conservatives are sticking to the plan, with the economy inflation is down from 11.1 per cent to 4.0 per cent, meaning we can cut taxes and put more money in people’s pockets to grow the economy.
Our Budget cuts taxes to reward work, supports small businesses and helps more parents with the cost of childcare to grow the economy and fund public services.
By sticking to the plan, the Conservatives will deliver a stronger economy to build a brighter future. Labour cannot say what they would do with the economy because they do not have a plan, and would take us back to square one.
