Keighley MP backs budget and says it will help people in district

Keighley News: Kris Hopkins MP Kris Hopkins MP

Keighley MP Kris Hopkins has given his backing to the Budget measures.

He said the package announced by Chancellor George Osborne last Wednesday included help for businesses, workers, pensioners and savers.

“This Budget was the product of a confident Chancellor presiding over an increasingly confident economy,” said Mr Hopkins.

“By taking the tough decisions to reduce the deficit and build a recovery sustainable for the long term, he has created a stable climate which has enabled growth to occur, jobs to be created and business and consumer confidence to return.

“I am delighted that, from April next year, more than 35,000 people in Keighley and Ilkley will pay lower taxes as a result of an increase in the personal allowance to £10,500, with 450 estimated to be lifted out of tax altogether.

“Almost 500,000 savers in Yorkshire and Humber stand to benefit from the new ISA, and the abolition of the 10p rate on savings income will help 1.5 million low-income savers across the country.

“The creation of a pensioner bond will help those who have worked hard and saved for their older age.”

He added that as housing minister, he was delighted that the Help to Buy equity loan scheme would be extended until 2020, supporting the building of 120,000 new homes.

There was good news for pubs with a penny coming off the price of a pint – and for motorists, with the scrapping of a fuel duty rise in September.

But John Grogan, Labour’s prospective parliamentary candidate for Keighley, said: “The obvious big missing element to the Budget was any real attempt to address the problems of the young, whether it be those who are studying and are facing crippling tuition fees of £9,000 or the young unemployed who were given little hope.

“The raising of the tax threshold has to be seen in the context of large cuts in tax credits, stagnant wages and rising costs for energy which mean the vast majority of Keighley families are worse off than in 2010.”

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