Keighley MP Kris Hopkins has given his backing to today’s Budget measures.
He said the package announced by Chancellor George Osborne 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 new pensioner bond will help pensioners 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 to 2020, supporting the building of 120,000 new homes.
And he said there was good news for pubs and their customers – with a penny coming off the price of a pint – and for motorists, with the scrapping of a planned fuel duty rise in September.