Evennett welcomes Chancellor’s plan for prosperity

Bexleyheath and Crayford MP David Evennett has welcomed the policies outlined in the Chancellor’s Autumn Statement, supporting the argument that it is only by working through the Conservatives’ long-term economic plan that we can achieve prosperity and security for families in Bexleyheath and Crayford.

Mr Evennett was in the House of Commons this afternoon to hear the new forecasts for the British economy, which show that the Government’s long-term economic plan is working:

• The deficit will be halved this year
• The British economy expected to grow by 3 per cent this year – fastest in the G7
• Unemployment down, with over half a million new jobs forecast this year

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The Chancellor then set out the next steps in his long-term economic plan in the Statement. Conservatives in Government will:

• Overhaul stamp duty so that 98% of stamp duty payers pay less tax when they buy their home.
• Continue to back businesses to create jobs in all parts of the country – with action on business rates and more help for the high street.
• Abolish the jobs tax on apprenticeships for people under 25 to help more young people get the skills they need.
• Raise the personal allowance, and higher rate taxpayers will also benefit – a down-payment on our promises to raise the personal allowance to £12,500 and the higher rate threshold to £50,000 in the next parliament.
• Cut tax for families by abolishing the air passenger duty paid for children.
• Support savers by letting husbands and wives inherit their partner’s ISA and keep its tax free status.

Mr Evennett welcomed these measures as good news for hardworking taxpayers in Bexleyheath and Crayford. He said:

“Today’s news proves that only the Conservatives can be trusted to deliver a strong economy and reduce Labour’s budget deficit, whilst supporting those who work hard and do the right thing. The proposals to reform stamp duty and build new houses will be of great benefit to those looking to buy a family home. We are also going further on tax and national insurance and reform of business rates. With more jobs and new opportunities, and new investment in science, skills and our NHS, Britain is on the path to prosperity.”

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