MP highlights help for lower paid and SMEs, lower beer and fuel duty and Equitable Life payments
Today John Baron MP welcomed a number of the Chancellor’s Budget measures which he has lobbied and campaigned for. These include cutting income tax for the lower paid, reducing beer duty, freezing fuel duty, helping small businesses and help for the Equitable Life policy holders who took out annuities before 1992. John has previously voted against his own government on a number of these issues in support of the respective campaigns.
John said:
“Raising the personal allowance to £10,000 from April 2014 will mean hard working people in Basildon and Billericay will be paying £700 less in income tax a year compared to when this government came to office. Another almost 3 million people will have been taken out of tax altogether.”
“I also welcome the reduction in beer duty by 1p and the further freezing of fuel duty. These are measures a number of us have campaigned for. The ex-gratia payments to Equitable Life policy holders who bought their annuity before 1992 is also welcome – I was one of the few Conservative MPs who voted against the government in the one vote that took place on this issue. These are small steps in the right direction.”
“The business friendly measures are also good news. The new employment allowance will take £2,000 off the National Insurance bill of every employer. The further cut to Corporation Tax to 20% will also help cashflow. There is more we can do to help small businesses in these tough times, but we are heading in the right direction. ”
Ends
Word Count: 281
Date: 20th March 2013
Notes to Editors
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