Cherilyn Mackrory MP welcomes Spring Budget as one that delivers for Cornwall

Cherilyn Mackrory, Member of Parliament for Truro and Falmouth has welcomed today’s Budget as one that delivers for Cornwall.

Cherilyn said:

“I welcome today’s Budget as a good one that delivers for the people of Truro and Falmouth.”

“Looking at the main headlines, first of all I was pleased to see the Chancellor commit massive resources to the NHS and announce a number of measures to help deal with the spread of COVID-19.”

In terms of regular Budget announcements, I was pleased to see, among other things, the Government:

  • Putting more money in peoples’ pockets with an over £200 tax cut for the typical family, increasing the National Insurance threshold to £9,500 this April, benefiting 31 million people with a typical employee saving over £100 in 2020 – the first step to reaching our ambition to increase the threshold to £12,500.
  • Abolishing business rates for a year for all retail, leisure or hospitality business with a rateable value below £51,000.
  • A £3,000 cash grant per business for any firm that is currently eligible for the small business rates relief – a £2 billion cash injection for 700,000 small businesses, many of which make up the backbone of our economy in Cornwall.
  • Creating an entitlement to Neonatal Leave and Pay to support parents with the stress and anxiety of having a baby in neonatal care. For employees whose babies spend an extended period of time in neonatal care we will provide up to 12 weeks paid leave.
  • Freezing fuel duty for ten consecutive years has also saved the average car driver £1,200 – meaning an average worker could be up to £6,400 a year better off than in 2010.
  • Exempting our fishing and farming communities from the duty rise in Red Diesel.
  • Freezing duty rates on beer, spirits, wine and cider helping with the cost of living. This will be only the second time in almost 20 years a government has frozen all these duties.
  • Axing the tampon tax now we have left the EU. We will reduce the cost of essential sanitary products for women in the UK, abolishing the tampon tax from 1 January 2021.

“I am delighted that we have set out measures to support families and help them with the cost of living, while continuing to invest in Britain’s future responsibly – laying the foundations for a decade of growth and prosperity.”

“This is the first Budget delivered outside of the EU for more than five decades. It sets out a clear, one nation, path for the Government to get things done and I look forward to continuing to work with my Cornish MP colleagues to ensure the Government continues to deliver for Cornwall.”