Budget Resolutions and Economic Situation — House of Commons, 2016-03-21
Topic: Macroeconomics
Lucy Allan (Conservative, Centre-right): I am really pleased to be able to welcome the Budget. This Budget delivers on the promises made to the people in my constituency in May. Let us take away some of the noise we have heard today and focus on the big picture of what is actually in the Budget. This is a Budget for ordinary working people. This is a Budget for small business and enterprise. This is a Budget for Telford. Telford has a proud history of innovation, creativity and finding solutions to problems. We have a rapidly growing, dynamic small and micro-business sector with increasing numbers of people who are self-employed; people who are doing it for themselves and building their businesses from nothing. They are the job creators of today and of tomorrow More than 3,000 small businesses in Telford will benefit from the measures in the Budget to cut business rates. Sadly, for some, this help has come too late. I want to put on record the sad closure of Queenies Cupcakery in Ironbridge, which closes its doors in April after a long struggle to meet its business rates. However, the cut is just in time for many of the small kiosks in the town centre, which will welcome the news, as will Fabulous Hair in Dawley, Ketley Cod in Station Road and Zen Communications in Stafford Park. This is a Budget for them Telford is an area of low pay, where many people have little disposable income. People in Telford work hard. They take on extra hours; they take on two jobs to make ends meet; and they save for their family and their future. This Budget incentivises and rewards that ethos. By raising tax thresholds, 2,000 people on low pay in Telford will be taken out of tax altogether and many others will keep more of their hard-earned cash Working people in Telford support the Budget. In particular, they like the freeze on fuel duty. Be under no illusion: a freeze in fuel duty makes a massive difference to everyday life and ordinary household spending power for those on a small income in Telford. I remember three years ago going to Asda in Telford and spending 135p on a litre of petrol. Today, a litre of petrol costs less than £1. More people in Telford have money to spend. One has only to go to the retail park on a Saturday, as I did on Saturday, to see what I am saying. It is hard to get a place to park and there is a queue around the block to go to the Costa in Next. People in Telford are keeping more of the money they earn, and hard work is being rewarded. I welcome that and the people in Telford welcome that—and this is before the introduction in April of the national living wage This Budget supports business, rewards hard work and boosts household income. These are the big-picture measures for tens of thousands of working people in Telford. This is a Budget for them. What else will the Budget do? It will incentivise people to save for their future. For those under 40, the Government will give them £1 for every £4 they put away. This will help young people in Telford to save for a home or to start a family. The lifetime savings account is flexible, simple and gives people the opportunity for self-reliance. This is a measure for Steve, a teacher at Madeley Academy and a measure for Stefan, a care worker from Dawley. This is what we do in Telford: we try hard, we work hard and we want to get on. That is why this Budget is for Telford There are pockets of significant deprivation in Telford, which is why I am delighted to see in the Budget support to tackle homelessness. I want to pay tribute to a homeless charity that I support called Stay, which is celebrating its 25th anniversary next month. This Budget enables people to make ends meet and to save for the future. It is a Budget for hard-working people, a Budget for business and enterprise, and a Budget for Telford. It is for those reasons that I wholeheartedly support it.