Wednesday, 29 November 2017

Autumn Budget 2017

It’s not an easy time to be Chancellor trying to balance the books but last week’s Autumn Budget brings some good news for Cornwall.
Unemployment is at its lowest level since 1975, and here in Camborne, Redruth and Hayle, unemployment has almost halved since 2010. The next step is to get wage rates up and last week, the budget did more to help people on low incomes.  The National Living Wage is up by 4.4 percent, and more people on low incomes have been taken out of tax altogether.
The Government is also abolishing Stamp Duty for first time buyers, and local businesses will benefit from a business rates package.
Meanwhile, on the NHS, the Chancellor has announced £6.3 Billion of additional funding for frontline NHS services and upgrades to NHS buildings and facilities. Elsewhere, the freeze on fuel duty will continue, and the Government has committed to cut down on single-use plastics.
Finally, it is great that the Chancellor announced £36,000 of Libor funding for the Cornwall Air Ambulance. I have been backing this bid.  I can remember when the Cornwall Air Ambulance began in 1987. It was a great example of Cornwall's "one and all" approach because people in Cornwall really rallied behind the idea.  It was the first air ambulance in the UK and now many other parts of the country have followed Cornwall's lead.  Since 1987, it has completed more than 26,000 missions and saved many lives and it’s great that it now has this government support.

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