Local MP Greg Hands has welcomed this week’s Budget as another step on the road to recovery in Chelsea and Fulham. The Conservatives have a plan that is working, and a Budget that works for local people.
This Government’s sixth Budget shows:
A growing economy - with Britain growing faster than any other major advanced economy.
Record numbers of jobs – with 1.9 million more people now have the security of work.
Rising living standards – with families on average £900 better off in 2015 than in 2010.
The deficit down by more than a half as a share of the economy.
Our national debt starting to fall as a share of the economy.
The Budget sets out the choice between the chaos of Labour, or the Conservative’s long term economic plan that is working. It shows how a future Conservative Government would secure a better future for local people, their families, and Britain.
Britain now faces a critical choice. Does it return to the chaos of the past? Or does it keep on working through the long-term economic plan that is delivering for the British people? With this Budget, the Conservatives have choose the future:
We choose stability - committing to run a budget surplus and keep our debt share falling
We choose jobs - backing business and skills that will create full employment, and supporting pubs and brewers by cutting tax on beer and cider
We choose responsibility - helping savers with a new Personal Savings Allowance and abolishing savings tax altogether for 17 million people to create tax-free banking
We choose aspiration - with a new Help to Buy ISA for first-time buyers - so if you save up to £12,000 towards a deposit, the government will contribute up to £3,000
And we choose families - cutting income taxes for 27 million hardworking people, and cancelling Labour's planned rise in fuel duty
Greg Hands commented: "We have been working through our long term economic plan, and the local economy has been steadily improving, with new business setting up, growing, and employing more staff.
“This Budget is another step on the road from austerity to prosperity – it includes support for savers, lower taxes for people in work, and a clear plan to build a secure future for Britain.
“Five years ago, under the last Labour Government, Britain was spending and borrowing too much, too many people were out of work, and our economy was on its knees. That’s why there is a critical choice facing us this year: return to the chaos of the past or stick with a plan that is working and choose a more prosperous future. We must choose the future.”