Craig welcomes Budget for Calder Valley’s ordinary working families

Yorkshire and the Humber will benefit from investment in transport, business and technology, as the Chancellor set out his plan to reward the hard work of the British People.

This year’s Budget provides a comprehensive plan to support the heath service, our high streets, and ensure working people have more money in their pocket.

Today’s announcements for Yorkshire and the Humber include:

  • A £770 million increase to the Transforming Cities Fund. Which both the Sheffield City Region and West Yorkshire Combined Authorities have been shortlisted for – benefitting passengers, commuters and motorists across the region.

 

  • Up to £37 million to support the development of Northern Powerhouse Rail. To connect cities across the North with faster, more frequent services.

 

  • £13 million across the country to improve access to flood information. Including an expansion to the flood warning system to an additional circa 1,300 at-risk properties in Yorkshire and Humber.

 

  • A refreshed Northern Powerhouse Strategy to be published next year. Building on the success of the existing strategy in addressing barriers to productivity in the region.

Commenting, Craig Whittaker MP said:

‘The Chancellor has set out how the hard work of the British people is paying off, our careful fiscal management and solid economic recovery means that austerity is coming to an end.

‘We have seen a significant upgrade to our public finances, underscoring the strength of the economic recover.

‘Now we turn our eyes to the future, meaning more support for our great public services, help for household budgets now, and investment for the long-term to deliver higher living standards as our economy grows.’

 

Today’s announcements for Yorkshire and the Humber include:

 

  • A £770 million increase to the Transforming Cities Fund. Which both the Sheffield City Region and West Yorkshire Combined Authorities have been shortlisted for – benefitting passengers, commuters and motorists across the region.

 

  • Up to £37 million to support the development of Northern Powerhouse Rail. To connect cities across the North with faster, more frequent services.

 

  • £13 million across the country to improve access to flood information. Including an expansion to the flood warning system to an additional circa 1,300 at-risk properties in Yorkshire and Humber.

 

  • A refreshed Northern Powerhouse Strategy to be published next year. Building on the success of the existing strategy in addressing barriers to productivity in the region.

 

Other Budget measures for hardworking families:

 

  • Overall investment in public services will increase in real terms over the next five years. Public spending will increase overall by 1.2 per cent in real terms each year, with precise plans to be set out at the Spending Review.

 

  • Funding the Prime Minister’s NHS commitment. We have fully-funded the cash settlement that was set out in June – which equates to £20.5 billion more in real terms by 2023-24, and an average real growth rate in the NHS’s budget of 3.4 per cent a year.

 

  • Fulfilling our promises on income tax one year early, so people keep more of what they earn. We will raise the Personal Allowance to £12,500 and Higher Rate Threshold to £50,000 one year early, saving a typical basic rate taxpayer £130 compared to 2018-19 and £1,205 compared to 2010-11. Nearly 1 million fewer people will pay the higher rate of income tax.

 

  • Supporting our councils with an additional £1 billion of funding. We will support councils with £650 million for social care, £84 million for children’s social care programmes over five years and £420 million for potholes this year.

 

  • Backing high streets by cutting business rates by a third for two years. Rates will be cut by a third for retailers with rateable value under £51,000, saving up to 90 per cent of all shops up to £8,000 each year.

 

  • Investing an additional £1.7 billion per year to benefit working families on Universal Credit. We will increase the work allowance – the amount families can earn before losing benefits – by £1,000, worth £630 per year to those households.

 

  • Providing £500 million more for Brexit preparedness. The Chancellor has already set aside £1.5 billion next year to prepare for all eventualities – today we are increasing that by £500 million to £2 billion.

 

  • A 2 per cent Digital Services Tax will ensure large digital firms pay a fair share of tax to support our public services. From 2020, large social media platforms, search engines and online marketplaces will pay 2 per cent on revenues linked to UK users.

 

  • The Royal Mint will produce a coin to mark the United Kingdom’s exit from the European Union. This will be available in Spring 2019.