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Harlow MP Robert Halfon backs Chancellor’s mini-budget

News / Fri 23rd Sep 2022 am30 11:33am


HARLOW MP, Robert Halfon, has strongly welcomed the new Government’s “ambitious” Growth Plan which he claims will boost the UK’s economic growth and cut taxes, allowing hard-working people to keep more of the money they earn. The mini-budget announced this morning includes measures that will “help Harlow residents and businesses” now, including: 

  • Cutting the National Insurance levy – this will mean workers will save an average of £330 per year and Harlow residents can expect to see this benefit in their November pay packets. 
  • Cutting basic personal tax for the first time in 16 years. From April 2023, the basic rate of income tax will reduce to 19%, allowing 31 million workers to keep more of the money they earn.
  • Cut stamp duty burdens by doubling the threshold and increasing the exemption for first time buyers, meaning homes valued at £250,000 or less are exempt and first time buyers can spend up to £425,000 without paying stamp duty. This will help attract workers and investment into Harlow to boost our regional growth. 
  • Cancel the planned increase to corporation tax by keeping rates at 19%, allowing for an additional £19 billion of investment in the UK economy. 
  • Cancel the planned alcohol duty rate increase for cider, beer, wine and spirits whilst targeting additional support at smaller breweries which will help ease the financial burdens on our local pubs.  

The measures announced today come on top of the almost £100-billion package announced earlier this year to help people in Harlow, and across the country with the cost of living. These include a previous cut to National Insurance for 70% of households, a £150 Council Tax rebate, a 5p fuel duty cut, an additional £400 payment to support people with their energy bills, and up to £1,200 extra payments for 8 million of the most vulnerable households. 

Just last week, said Mr Halfon, the new Government announced further support for people struggling with Energy Bills. From 1 October, all households will have their energy bills frozen to £2,500 per year for the next two years which will save Harlow residents around £1,400. For the most vulnerable homes in Harlow, they will save up to £2,200. Moreover, businesses, schools and hospitals will also receive additional financial help with their energy bills over the winter period through the cap announced two days ago which means electricity will be capped at £211 per MWh, rather than the expected £600 charge, and £75 per MWh instead of the predicted £180 charge.  

Robert Halfon MP further commented, “Today’s ‘mini-budget’ is one for workers, families, and businesses across Harlow, providing additional help with energy bills and cutting taxes to allow people to keep more of the money they earn.”

He said, “Not only have the new Government capped energy bills at £2,500, which will save every Harlow household up to £1,400, and up to £2,200 for every vulnerable household, but the tax cuts announced today will save the average worker £330 per year with a further cut to the basic rate of income tax for 31 million workers from April 2023.

“The £150 Council Tax rebate, £400 payment for energy bills, 5p cut to Fuel Duty and cuts to Stamp Duty and Corporation Tax will benefit people across the country and will mean residents and workers in Harlow will be thousands of pounds better off. 

“I am delighted that the new Government’s first priority has been to help Harlow residents – this is a Growth Plan that works for Harlow people and Harlow businesses.”

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17 Comments for Harlow MP Robert Halfon backs Chancellor’s mini-budget:

Seamus
2022-09-23 11:51:55

The man's a fool

Mark Ingall
2022-09-23 12:08:30

Only a month ago Robert Halfon was supporting Rishi Sunak who described tax cutting for the richest paid for by huge borrowing as reckless and the economic suicide. What has changed?

gary roberts
2022-09-23 12:25:15

I hope Mr. Halfon can justify this mini budget to the people claiming Universal Credit. I suspect he cannot and the other changes will only help the richest increase their wealth while the rest scramble for the crumbs. It reminds me of Thatcher in the early 1980's. She failed and it led to over 3 million on the unemployment list. Mr. Halfon is a clear example of a broken weathervane that changes every few months: No strategy, no direction, and no integrity! Never mind he will be okay and working hard for the people of Harlow: He does, doesn't he? No.

Adam
2022-09-23 12:32:49

First conservative thing I have seen in 12 + years of conservative government. It is a start more taxes need to go, regulations need to go. need to reduce a lot of spending in the civil services and other hangers on. Next up hopefully the conservatives in Harlow and Essex CC get serious about council tax cuts and get at least 1K removed from all bills next year.

Nostradamus
2022-09-23 12:56:52

Always a promise of jam tomorrow for most of us whilst the rich get the cream we get the residue. After years of tax reduction budgets, austerity for public sector and worse for most in the low pay gig economy we get another trickle down budget, as Biden says, trickle down doesn't work. Repeating the same actions and expecting different outcomes is the first sign of insanity. Governments have deliberately increased dependence on volatile hostile governments for fossil fuels that has directly lead to massive energy bills and phenomenal windfall profits for energy companies and now think that giving back a fraction on bills that are still going up is ok. Ridiculous, especially as it is another layer of debt to be paid back by our children.

Nostradamus
2022-09-23 13:09:09

Just to add, had the energy intervention as the government calls it, had instead been started years ago with a dash for green energy rather than throwing money at nuclear that's faulty, over priced and polluting, at fracking which will just pollute our water and investment in more fossil fuels, then we would be energy independent with a low cost green hydrogen economy.

Mike
2022-09-23 14:47:53

will barely make any diffrence, 1% income tax cut which doesnt come into effect for another 6 months, 1.5% ni cut which is worth about £2 a month for the lowest earners, "Cutting the National Insurance levy – this will mean workers will save an average of £330 per year and Harlow residents can expect to see this benefit in their November pay packets" more like £93 a year for min wage 38 hrs a week, so in real terms youre proberly worse off

Alex
2022-09-23 15:34:08

Absolutely mark. Plus the falsehood that the goverment has frozen the fuel bill hike next Month, when in fact bills will rise by 27 percent, will only pile on the pressure for low paid families.

Angela
2022-09-23 16:08:06

I'd like to know where my 'thousands of pounds' are. I work full time and my husband is a pensioner. We will be 'better off' by £30 per month..... that doesn't even pay my fuel to get to work..... Thanks Chancellor.......

Anonymous
2022-09-23 16:49:51

The Reach get Richer the working class lose out and the poor get poorer, Go back in history what happens next???

Working class
2022-09-23 16:51:14

The Reach get Richer the working class lose out and the poor get poorer, Go back in history what happens next???

Theman
2022-09-23 17:12:44

Am I missing something. The Bank of England is increasing interest rates to reduce growth and hopefully reduce inflation. The government then gives tax cuts to increase growth and fuel inflation. Either the lunatics have taken over the asylum, or maybe this what they meant by “ net zero”

A
2022-09-23 17:36:54

Utter pillock.

tony edwards
2022-09-23 17:45:13

Pound devalued by 3% - so imports more expensive. Gilt rates up - so Government borrowing more expensive. Interest rates up - so mortgages more expensive So how is that going to help the people of Harlow, Robert?

JD
2022-09-23 18:46:37

Good News! Millionaires Handed £55,000!! https://www.huffingtonpost.co.uk/entry/millionaires-handed-55000-tax-cut-by-liz-truss-and-kwasi-kwarteng_uk_632d87bde4b09d8701becde0 So, all those hundreds of thousands of millionaires in Harlow will be getting a whopping £55,000!! But don't worry if you are not one of the many millionaires in Harlow, even the little people are going to be better off. If you only earn £200K a year you will gain £5,220 a year! So even the little people will be better off! Thanks Robert Halfon for supporting a budget that works for ALL of Harlow. Average salary in Harlow is £28K. (https://www.payscale.com/research/UK/Location=Harlow-England%3A-Essex/Salary) I'm sure that all the millionaires in Harlow, and all those earning over £200K will vote for you next time. Will the rest of us continue to believe your lies?

David Forman
2022-09-23 20:43:25

All the Labour luvvies have failed to see that this is definitely a budget for growth. It will certainly increase investment in the Cayman Islands, a British Overseas Territory in the Caribbean with a very lax tax regime, so lax it is almost non-existent: https://www.google.com/url?sa=t&source=web&rct=j&url=https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-caymanislandshighlights-2022.pdf&ved=2ahUKEwjxgsTr4av6AhWGYcAKHQKcDWIQFnoECAgQBg&usg=AOvVaw1Zy8Q8uIEyTr5NBJnpE5lV

Voteforme
2022-09-25 18:37:48

Robert Halfon, given you did not support Liz Trusand s, presumably because you did not support her plans, it would be very beneficial to all if you could take time to respond to the comments here. Better still, hold a public meeting to explain and discuss

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