Today, the Chancellor announced the Spring Budget.
Here is what is means for us here in the East Midlands:
National Insurance Contributions CUT for 2.1 million workers in the East Midlands by over £645 a year, encouraging hard work by cutting taxes to grow the economy.
Alcohol duty FROZEN to support at least 5,500 hospitality venues in the East Midlands, backing the local economy and driving costs down for businesses.
Fuel duty FROZEN supporting drivers in the East Midlands, delivering the fourteenth consecutive fuel duty freeze under the Conservatives, helping to save motorists money at the pump.
Thousands of businesses taken out of paying VAT by increasing the VAT threshold for small businesses, creating jobs and growing the economy.
More parents supported across the East Midlands by increasing the High Income Child Benefit Charge threshold and introducing a taper rate, supporting almost half a million families across the country with the cost of raising a child.
Support for the East Midlands Airport Freeport, extending the window to claim the tax reliefs at freeport sites from five to ten years, attracting more investment to create new jobs and grow the economy.
Delivering investment through the Local Transport Fund, transforming transport in the East Midlands including in Lincolnshire, Rutland, Leicester, Leicestershire, and North and West Northamptonshire.
Regenerating Ashfield through a £9.3 million investment, restoring local pride.
Long Term Plan for towns extended to Carlton, giving local leaders access to a £20 million long term endowment style fund to level up their areas.
£5 million invested in each of High Peak, Erewash and North Northamptonshire to support cultural levelling up projects, restoring local pride.
