Rt Hon David Evennett, MP for Bexleyheath and Crayford, has welcomed proposals outlined in the Chancellor of the Exchequer’s Summer Budget today (8 July). Mr Evennett was on the Treasury front bench to listen to George Osborne’s Statement, which outlined the Conservative-majority Government’s plans to increase wages for the lowest paid, cut taxes, reform welfare, provide extra NHS funding, support our armed forces and back businesses.
The plans announced in the Summer Budget include:
• A new national living wage, starting at £7.20 an hour and rising to £9 an hour by 2020
• An increase in the income tax personal allowance, making the first £11,000 earned tax-free
• Reforms to tax credits, so that new applicants will not receive extra benefits if they have more than two children
• A commitment to increase NHS spending by £10billion per year
• More resources for our armed forces, which will mean that we reach NATO’s 2% spending target
• Action on tax avoidance and evasion, raising an extra £7.2billion per year
• Keeping our commitment to protect pensioner benefits and keep the triple lock, which ensures real rises in the state pension.
Mr Evennett said “This Budget represents a revolution for working people. The lowest paid get a real pay rise with our new living wage and millions of people will get another income tax cut from April. Changes to the benefits system will make people better off working.
“These policies can only be delivered because we have a strong, growing economy and a falling budget deficit. We are building on the achievements with policies that will deliver prosperity and better quality of life for all my constituents.”