Twickenham MP Munira Wilson slams Government's "empty promises" after Spring Budget
By Heather Nicholls
6th Mar 2024 | Local News
Twickenham's MP Munira Wilson has responded to Chancellor Jeremy Hunt's Spring Budget, saying that the Government is making "empty promises".
Chancellor Jermy Hunt announced the spring budget today (Wednesday 6 March).
The major announcements in the budget are as follows:
- National insurance has been cut for workers by 2p, from 10% to 8%, following it already falling by 2p in last year's Autumn Statement.
- The earnings threshold for child benefit has been raised to £60,000 from £50,000.
- The windfall tax on the profits of oil and gas companies has been extended until 2029.
- Capital gains tax has been reduced for the higher rate of property from 28% to 24%.
- The non dom tax, which is claimed by wealthy foreign residents in the UK has been abolished but new arrivals will still not pay tax on foreign income and gains for their first four years of UK residency.
- The Household Support Fund for families in England has been extended for six months.
- Alcohol duty has been frozen.
- The 5p cut in fuel duty has been extended.
- A new British ISA has been announced to encourage people to invest more in UK assets.
- The VAT threshold for small businesses has been increased from £85,000 to £90,000.
- Funding of f £3.4bn for a new NHS Productivity Plan, pointing out how outdated IT and equipment created inefficiencies in the health service.
- There will also be new taxes on vapes.
Twickenham MP Munira Wilson said: "Today's Budget offers nothing for residents in Twickenham who are facing spiralling mortgages and bills because of the Conservatives' mismanagement of the economy.
"Instead, all this Government is doing is making more empty promises."
She added: "Our NHS staff are struggling to keep up with soaring waiting lists, yet this Budget doesn't give any meaningful support for our health services.
"Teachers are having to teach pupils in crumbling schools, yet this Budget delivers even less money for school buildings."
"Our country is crying out for real change.
"Local residents will not have the wool pulled over their eyes by this hollow Budget.
"The best thing this Conservative Government could do now is call a general election."
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