West Worcestershire MP Harriett Baldwin has praised the plans set out by the Government to both support people through the cost of living crisis but also address the national debt and cut taxes.
Chancellor Rishi Sunak has published a tax plan which will aim to reduce and reform taxes as well and reducing fuel duty, cutting national insurance for 30 million working and cutting business employment taxes to help small businesses and slashing VAT to help stimulate green growth plans.
The plan delivers the delivers the biggest net cut to personal taxes in over a quarter of a century, while also continuing to deal with the impact of war in Ukraine and the financial impact of the pandemic.
“The Chancellor has had to do a difficult juggling act of facing up to some serious challenges with the impact of war and pandemic on the economic outlook.
“I welcome measures to help motorists and the lower paid who are already seeing the impact of rising fuel and energy costs on their household budgets.
“But at the same time, the Chancellor is staying true to the Conservative pledges to be fiscally responsible and committing to cut taxes. A penny off the standard rate of income tax will be a huge positive success for this Parliament.
“The doubling of the Household Support Fund will continue to help the most vulnerable in society at a time when the cost of living crisis threatens us all. It is a fund that the South Worcestershire Citizens Advice Bureau manages and I discussed it in detail when I met with them last month. I urge anyone who need to access support to get in touch with the team.
“I am proud that the Government can continue to offer support to those who need it most as well as helping small businesses – like those in hospitality – who will need continued support as we escape the clutches of the pandemic.”