Dr Phillip Lee welcomes budget that 'rewards hard work'By Jennie Slevin
March 21, 2013
The Budget rewards those who aspire to work hard and get on, says Dr Phillip Lee , MP for Bracknell Forest.
Tthe Chancellor, George Osborne, presented the Budget yesterday in the House of Commons, promising the Government would be focussing on people wanting to own a home, get their first job, start a business, or save for their retirement.
Dr Lee said: "Hard working people in Bracknell will be over £700 better off every year than when this Government came to office.
"This tax cut will benefit an estimated 45,313 people in the Bracknell constituency.
"In April 2014, 381 people will be lifted out of income tax, taking the total number of people locally lifted out of tax to an estimated 4,328.
"Nationally this means that almost three million more of the lowest paid will pay no income tax at all."
The Conservative politician was also pleased with the plan to scrap beer duty, instead cutting it by a penny. He said: "Pubs are vital to our economy and support 1465 jobs in the constituency adding £32 million in value added to our local economy.
"This news is great for beer-drinkers, it’s great for breweries, and it’s great for Bracknell’s local community."
An annual inflation of two per cent in beer duty is also due to end but a 'duty escalator' will remain in place for wine, cider and spirits and cigarette duties will continue to rise by an inflation of 5 per cent.
The Budget promised to cut employer National Insurance by £2,000 for every firm and get rid of it altogether for 450,000 small firms. Dr Lee added: "This Budget is also about reforming the economy.
"The Employment Allowance will make it easier and cheaper for firms to hire people – an employer could hire four people working full time on the minimum wage without paying any National Insurance.
"In addition, employers will be able to hire one extra person on £22,400 a year, or four people working full time on the minimum wage, without paying any National Insurance."
Other key points included tax incentives for low-emission cars, a 20 per cent tax relief on childcare from 2015 and, despite a one per cent cut from most Government departments, schools and the NHS will be protected.
Dr Lee said: "With this year’s Budget the Chancellor has made clear that the Conservative Government is doing everything to help the families and hard-working local people in Bracknell.
"There is no doubt that the Government is right to stick to the plan to tackle the deficit.
"However, stability alone is not enough – Britain has to earn its way in the modern world."