I very much welcome the Chancellor's Budget announcements, particularly the Stamp Duty reform that will mean 80% of first time buyers not having to pay any Stamp Duty at all.
The Budget lays the foundations for a Britain fit for the future – investing for the long-term while supporting families and businesses under pressure now, setting a path to a more prosperous Britain.
- Building the New Economy, taking the National Productivity investment fund to £30 billion, investing in emerging technologies like AI and driverless cars, and backing business with a £2.3 billion package on business rates.
- Supporting families in their everyday lives, increasing the National Living Wage by above inflation, cutting income tax by raising the personal allowance, freezing fuel duty for the 8th year and investing to support our NHS.
- Building the homes our young people need, setting a target to deliver 300,000 homes per year, reforming planning to unlock land for first time buyers, abolishing stamp duty for over 80 per cent of first time buyers and investing more to take government support for housing up to £44 billion.
- Getting Britain ready for Brexit. Investing a further £3 billion on top of the £700 million already committed to prepare Britain for every possible eventuality, and ensure we prosper as we leave the EU.
You can attached below a general summary of today's announcements, as well as policy specific briefing notes.
