“Today the Chancellor of the Exchequer stood in the Commons chamber to give his budget.
“As we move on from some of our darkest times Rishi provided hope for millions of ordinary people up and down the country, and particularly here in Hinckley and Bosworth.
“Rishi reassured us that the safety net he put in place to protect us through COVID-19 is still there. Furlough and increased Universal Credit will continue until we are out of lockdown, as will cuts to stamp duty, business rates and VAT. Fuel and beer duty has been frozen and the planned increase stopped. In addition, there will be extended help for the self-employed and £5 billion’s worth of restart grants for businesses to help businesses get back on their feet as the open from the pandemic.
“But he also announced how he plans to start recouping money that as a country we have borrowed throughout the crisis.
“It’s right that businesses who have profited will be expected to pay more tax on those profits. It’s really exciting that to encourage growth businesses who choose to invest will be able to apply a super deduction to their taxes. Today’s announcement will herald the start of a golden era for our economy.
“Most of all though I am absolutely delighted to hear the Chancellor has approved the East Midlands Freeport, which will bring an additional 60,000 skilled jobs in the green economy to our region. I was proud to campaign for it and couldn’t be happier to hear this massive economic boost will be happening right here in the East Midlands.”
