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Budget Response from Wokingham Liberal Democrats - Clive Jones

July 10, 2015 2:58 PM

Liberal Democrat Parliamentary spokesman in Wokingham , Clive Jones says:

"In George Osborne's first solo budget without the Liberal Democrats its good to see him continuing the Liberal Democrat policy of increasing Income tax thresholds. The new base of £11,000 already agreed for 2017 will be introduced a year earlier in 2016. Lets hope he continues to embrace this Lib Dem policy throughout the rest of this Parliament so that it reaches a minimum of £12500 by the end of the Parliament.

"Another Lib Dem policy continued by the Conservatives is the creation of more apprenticeships. Two million were introduced during the Coalition between 2010 and 2015. Its hoped that a further 3 million will be created in this Parliament. Again, lets hope the Conservatives continue to embrace this Lib Dem policy.

"Corporation tax was 28% when the Coalition started work in 2010. To encourage business this was reduced to 20% by 2015. It will further reduce to 18% by 2020. Good news for business in general. Not so good news for the smaller traders in Wokingham Town centre who I am sure would have preferred to see some relief from Business rates instead.

"I can't agree with the decision to hold public sector workers pay increases to 1%" says Clive Jones. "Teachers, nurses and health workers, junior civil servants, local authority employees and junior members of the armed forces should not have their living standards reduced like this".

Clive says, "There is a new name for the minimum wage. Its the New Living wage. This is not the Living wage as all know it. It sounds like good news if you are currently on the minimum wage of £6.50 and over the age of 25. By 2020 your wage will have risen to at least £9.00. However for many people on low incomes with families there will be cuts to the tax credits they currently receive that will make them considerably worse off. One of the worst parts of the budget is to take away vital support from disabled jobseekers reducing their support by £1500. Taking it away from them wont help them find work".

"The commitment to spend 2% of GDP on Defence spending is good news for the Military families still based around Wokingham and for those employed at Burghfield and Aldermaston"., says Clive.

For more information please contact Clive Jones 07720275212.