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BUDGET 2014: Budget brings mixed reactions from MPs
Updated 11:51am Thursday 20th March 2014 in Hampshire Business
CHANCELLOR George Osborne’s Budget has split opinion among Hampshire’s MPs.
Conservative and Liberal Democrat MPs in the county said tens of thousands of taxpayers would be better off when the personal allowance rises to £10,500 next year.
“They will be £1,600 a year worse off than they were when David Cameron became Prime Minister.”
He said the Budget should have focused more on reducing energy bills and the cost of childcare for hard-up families.
Southampton Test MP Alan Whitehead criticised the Budget
He added that tax and benefit changes since 2010, including the change to the personal allowance, have left families on average £891 worse off this year.
Benefits “This tax cut is excellent news for the people I represent and I’ve argued passionately for this policy within Government since I was elected.
“That means a huge number of people locally keeping more of the money they’ve worked hard to earn which they will no doubt spend locally and that benefits us all one way or another.”
Conservative MP Caroline Nokes said the Budget would boost economic security
She said: “Savers have had a hard time in recent years and it’s time Britain helped them out.
“These radical changes will help boost economic security for people who work hard and save hard – and show that the Conservative Party is on your side.”
Liberal Democrat MP for Eastleigh, Mike Thornton, said more than 42,000 would be £800 better off in his constituency as a result of the personal allowance change.
“This tax cut is the real budget boost for working people and would not have happened without Lib Dems in Government creating a stronger economy and a fairer society.”
“With extended tax breaks at Daedalus and reduced costs for manufacturers, I am confident that today’s announcements will help to stimulate growth and prosperity in our area.”
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