On March 8th, the Chancellor of the Exchequer delivered the Spring Budget. It was a budget that equips our economy for the future, and deals with the challenges facing working families today.
Here are just a few of the announcements:
- This government believes everybody should have access to our NHS when they need it, and people should enjoy security and dignity in old age. The Chancellor has therefore committed £2bn more for social care in England over the next 3 years. Scotland, Wales & NI will get a further £400m.
- To give children a fair chance to succeed, the government is committed to building a future where every child can access a good school. The Chancellor therefore announced that he is to provide funding for 110 new free schools, on top of the current commitment of 500, plus he has made provision for £216m over the next 3 yrs towards existing schools.
- At the Autumn Statement the Chancellor announced £2.6 billion new investment in transport. He has now published his allocations from a £220 million fund to tackle specific pinch-points on the national road network.
- The Chancellor has also laid out plans to raise the goverments total commitment to the campaign against Violence Against Women and Girls to over £100m.
- Plus he has raised the personal allowance, for the seventh year in a row, to £11,500 – a tax cut for 29 million people - and increased the National Living Wage to £7.50, a £500 pay rise for a full-time worker.
This is just a small selection from the Chancellor's lengthy financial statement. To read all of the details and to see the Spring Budget in full, please visit this link.
You can also watch the statement in full on our YouTube channel.
We are delighted that Philip Hammond has agreed to be our guest speaker on Friday, April 28th. Some spaces for the 3-course dinner are still available. If you would like to join us, please call 01753 678693.