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Deputy leader of Harlow Conservatives” “Budget is good news for Old Harlow residents”

News / Thu 23rd Nov 2017 at 08:08am

Autumn Budget is good news for Old Harlow residents

Joel Conf

This year’s Budget statement has boosted confidence in the economy. A raft of measures announced by the Chancellor will also help address local cost of living concerns.

Key points from this year’s Autumn Budget include:

· National Living Wage to rise in April 2018 by 4.4%, from £7.50 an hour to £7.83.
· Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000.
· Tax-free personal allowance on income tax to rise to £11,850 in April 2018.
· Fuel duty rise for petrol and diesel cars scheduled for April 2018 scrapped.
· £2.8 billion in extra funding for the NHS in England. £350m immediately available to address pressures this winter.
· £10 billion capital investment fund for hospitals.

The Chancellor confirmed pre-Budget speculation by committing £44 billion of capital funding for housing to meet a target of building 300,000 new homes a year by the middle of the next decade.

Local business owners would have keenly followed the Budget announcement that the VAT threshold for small business will remain at £85,000 for two years. Business rates will also be linked to the CPI measure of inflation, not an RPI-linked increase that would have hit small businesses hardest. The Federation of Small Businesses summed up the Autumn Budget as “business-friendly”.

Councillor Joel Charles, who represents Old Harlow on Harlow District Council, said:

“Old Harlow residents will be better off as a result of this year’s Budget statement. I am pleased that the Government will increase the National Living Wage and raise the tax-free personal allowance threshold next year. It was good to see a range of support for families and businesses.

“More money for the NHS and targeted funds for hospital capital investment are a strong commitment by the Government to make sure the right provision is available to address everyone’s health needs.

“Affordable housing is a key priority for Old Harlow residents. I am delighted that the Chancellor has scrapped stamp duty for most first-time buyers. Supporting more local people to get on the housing ladder is a positive step forward.

“This Budget sets out a clear vision for reviving our home-owning democracy. Harlow residents who aspire to own their own home will feel the Autumn Budget gets them a big step forward to realising their dream.”

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3 Comments for Deputy leader of Harlow Conservatives” “Budget is good news for Old Harlow residents”:

tony edwards
2017-11-23 09:19:35

From Joel Charles response, I appears that Old Harlow residents live in a different universe to the rest of us. Did he not notice That growth is at a record low.(OBR predict this will be the worst decade for since 1812) That although there is some money for the NHS - there is no money for Adult Social Care. (so don't get old in in Old Harlow) That school budgets will continue to be underfunded That there is a housing crisis now - which needs to addressed now (not by the middle of the next decade) and that the Office of Budget Responsibility are already saying that the decrease in stamp duty will lead to an increase in House prices That for those on being placed on Universal credit the time they will have to wait for their benefits is still a minimum of 35 days - yes the can have an "advance" (but this is nothing more than a loan that they will then have to pay back) That Rain Newton-Smith of the CBI said "The weakness of sterling has fed through to higher inflation, that's made it harder for households, it has put a squeeze on household incomes in real terms, and that's led to a slowing in spending in our High Street shops, and that's having an impact on our economy. That the Resolution Foundation have said the economy is on course for longest fall in living standards since records began over 60 years ago, real disposable incomes are now set to fall for 19 successive quarters. That Britain has slipped from 5th world's largest economy to 6th. Perhaps it is time for Joel Charles and his Chancellor to "wake up and smell the coffee". Tony Edwards Toddbrook Ward Councillor

jarrett
2017-11-23 13:26:59

“wake up and smell the coffee”Served to you by an eastern european on a zero hours minimum wage contract and the company is registered in Luxembourg.

MickyB77
2017-11-23 13:41:43

More leftie diatribe. Facts and figures to suit TEs warped ideals. I notice that this man takes his opinions from other warped socialists, and, never voices his own. Worst decade since 1812 !!! Enough said.

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