The Chancellor's 2017 Budget has been welcomed by Ipswich Conservatives.
We’re boosting pay by ensuring the National Living Wage rises from £7.50 an hour to £7.83. So the lowest paid get the support they need, boosting incomes by £2000 per year.
We’re freezing fuel duty again, saving a typical £850 since 210. This compares to when the Labour party increased fuel duty by 27p per gallon in one budget alone.
We’re introducing a new railcard to give discounted travel to 26-30 year olds, helping young people afford a journey to work.
Most important, investing in our future means building more homes.
We’re increasing the number of homes we build to 300,000 a year – the biggest annual increase since 1970. So that the next generation can get on the housing ladder and get on in life.
To make the dream of home ownership a reality, as of budget day, we have abolished stamp duty for first time buyers purchasing property up to £300,000.
That’s a saving £1,660 on the average first-time buyer property and means no stamp duty at all for 80% of first time buyers from now.
And to make sure everyone gets the support they need, we’re investing more in our NHS.
We’re going to spend an extra £2.8 billion on health, including £350 million this winter. We will deliver an additional £10 billion package of capital investment over the course of this Parliament. So you know that the NHS will be there for you when you need it.
Yesterday’s budget shows that we’re backing families and businesses. Whilst the Labour party and their MPs squabble over Brexit and use every voting tactic to wreck the Withdrawal Bill, Conservatives are building a Britain fit for the future, which gives Ipswich residents a secure future.