Sutton Coldfield’s MP, Andrew Mitchell, has welcomed the Chancellor’s 2013 Budget which supports people who work hard, save and aspire to a better life for themselves and their families.
The 2013 Budget:
Backs Families
• The Budget offers tax-free childcare from 2015. The Government will pay 20 per cent of a working family’s childcare bills each year – up to £1,200 per child.
Backs Britain’s hard-workers
• The Budget raises the Personal Tax Allowance to £10,000 from April 2014. This is a tax cut for 24 million people and individuals will pay £700 less in Income Tax than they did in 2010. 2.7 million people have been taken out of tax altogether.
Backs home-buyers
• The Budget will help more people get onto the housing ladder. The Government has put forward £3.5 billion to give people equity loans of up to 20 per cent to help them buy newly built homes.
Backs job-seekers
• The Budget will cut the National Insurance bill of every business by up to £2,000 from April 2014.
Backs British businesses
• The Budget will cut Corporation Tax to 20 per cent by 2015.
Backs drivers
• The Budget has frozen Fuel Duty. Pump prices will be 13 pence lower than under Labour’s plans leaving the average motorist with £170 more in their pocket over a year.
Andrew Mitchell MP said, “Whilst it is a tougher road than anyone hoped we are making progress and this Budget will keep Britain on track. I hope that my constituents will welcome the measures announced earlier this week designed to keep costs low for families and businesses in Britain. “