BUDGET 2018

#Budget2018

There is quite a bit to work through after Fiscal Phil’s budget today (we will ignore his jokes!!). No budget pleases absolutely everyone but these are a few of the spending commitments that I was pleased to see as they will ultimately help Stroud, the Valleys & Vale:

✔️Increasing the National Living wage by nearly 5% from £7.83 to £8.21

✔️£400million more for schools this year – £10,000 to the average primary school & £50,000 to the average secondary school

✔️Raising the income tax personal allowance to £12,500 & the higher rate threshold to £50,000

✔️An additional £1.7billion per year to benefit working families on Universal Credit

✔️Cutting business rates by a third for two years – for retailers with a rateable value under £51,000

✔️£2billion more per year for mental health & crisis care