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Friday, 23 October 2020

‘Budget to ‘get things done’ for families across the East Midlands’ says Tom Randall MP

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How today’s budget could affect the East Midlands, with comment from Tom Randall MP.

The plans outlined by Chancellor of the Exchequer, Rishi Sunak, will get things done and provide security for now while laying the foundation for prosperity in the future, say Conservatives in the East Midlands.

‘The Budget marks the start of record level of investment in the people’s priorities – infrastructure, the NHS and public services – to ensure the promises in the General Election in December are kept and the potential of every part of the United Kingdom, including the East Midlands, is unleashed.

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‘Increases in the National Insurance threshold and the National Living Wage announced today will mean families keep more of the money they earn, while tens of millions of pounds of investment in the region’s roads, rail, housing, broadband and flood defences will ensure everyone can have the same chances and opportunities in life wherever they live.’

‘Thanks to the measures taken today, someone working full-time on the minimum wage in the East Midlands will be over £5,200 better off compared to ten years ago when the Conservatives’ came into office.’

Conservative MP for Gedling, Tom Randall, said today’s Budget proves this Government ‘will get things done’ for thousands of families across Gedling and the wider East Midlands.

Today’s announcements for the East Midlands include:

Providing £161 million from the Transforming Cities Fund for Derby and Nottingham. This includes £25 million for bus rapid transit in Derby and over £10 million for a new cycle route between Nottingham, Derby and East Midlands Airport, and £33 million for Leicester, including £8 million for sustainable transport from St Margaret’s to Birstall.

Delivering £500 million for major road schemes between 2020 and 2025. This will help fix the A46 Newark Bypass. We will also develop plans for upgrades to the M1 to better link Leicester and Nottingham.

Boosting road maintenance funding by £56 million. The East Midlands will receive £56 million in additional funding for local road maintenance through the Potholes Fund in 2020-21.

Investing £20 million in the Midlands Rail Hub – a series of upgrades to improve connections between cities and towns across the Midlands.

Ensuring the East Midlands receives its share of funding for flood and coastal defences. The following locations will benefit from at least the following levels of funding: £75 million for Skegness, £12 million for Tattershall, and £6 million for Boston to better protect over 17,000 properties.

Upgrading and improving hospital facilities. As part of our £2.7 billion for six major hospital schemes, we are committing funding for University Hospitals of Leicester NHS Trust.

Tom Randall MP said:

“Last year’s election gave a clear verdict. Now the people’s Government is delivering a Budget which delivers on our promises to the British people – it is a Budget of a government that gets things done.

“Investment will reach record levels over the next five years, as the Conservatives commit to levelling up across the country – benefitting families and businesses in all corners of the country including my own constituency of Gedling in Nottinghamshire, as well as the wider East Midlands.

“I am delighted that we have set out measures to support families and help them with the cost of living and measures that will cut taxes by over £200 for the typical family, while continuing to invest in Britain’s future responsibly – laying the foundations for a decade of growth and prosperity.

“From my own inbox, I know just how much car drivers will welcome the news that there will be a freeze in fuel duty as well as more money to fix more potholes with £56 million coming to the East Midlands through the Potholes Fund. Whilst a freeze in duty on beer, spirits, wine and cider will be a huge support to our local pubs.

“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.”

 


Today’s announcements for the East Midlands include:

  • Providing £161 from the Transforming Cities Fund for Derby and Nottingham. This includes £25 million for bus rapid transit in Derby and over £10 million for a new cycle route between Nottingham, Derby and East Midlands Airport, and £33 million for Leicester, including £8 million for sustainable transport from St Margaret’s to Birstall.
  • Delivering £500 million for major road schemes between 2020 and 2025. This will help fix the A46 Newark Bypass, and we will also develop proposals for upgrades to the to the M1 to better link Leicester and Nottingham.
  • Boosting road maintenance funding by £56 million. The East Midlands will receive £56 million in additional funding for local road maintenance through the Potholes Fund in 2020-21.
  • Investing £20 million in the Midlands Rail Hub – a series of upgrades to improve connections between cities and towns across the Midlands.
  • Ensuring the East Midlands receives its share of funding for flood and coastal defences. The following locations will benefit from at least the following levels of funding: £75 million for Skegness, £12 million for Tattershall, and £6 million for Boston to better protect over 17,000 properties.
  • Upgrading and improving hospital facilities. As part of our £2.7 billion for six major hospital schemes, we are committing funding for University Hospitals of Leicester NHS Trust.

Key regional statistics:

  • Employment: There are 303,000 more people in employment in the East Midlands since 2010, meaning more families with the security of a regular wage.
  • Unemployment: The unemployment rate in the East Midlands has fallen the fastest of all UK regions on the year, down by 1.4 points.
  • Tax cuts: We are cutting taxes for 2.2 million people in the East Midlands this year, helping people to keep more of their own money – and lifting 83,000 people out of paying Class 1 and Class 4 NICs altogether.
  • National Living Wage: There are 182,000 people in the East Midlands having a pay rise in 2020 thanks to our increase to the National Living Wage, helping to boost the pay of the lowest paid.

Other Budget measures for hardworking families:

  • Investing in further education, the arts and sports in schools to ensure everyone gets the best start. We will invest £1.5 billion over five years to refurbish further education colleges. The Budget also provides £29 million a year by 2023-24 to support primary school PE teaching, ensuring children are getting an active start to life and £90 million a year to introduce an Arts Premium to secondary schools in England – averaging out as £25,000 per secondary school for three years.
  • Committing to a new £3 billion Skills Fund to ensure people gain the skills they need to get rewarding well-paid jobs. We will consult with people and employers on how to target the fund in the best way.
  • Putting more money in peoples’ pockets with an over £200 tax cut for the typical family. We will increase 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.
  • Increasing the National Living Wage to boost the wages of the lowest paid. The National Living Wage will increase by 6.2 per cent to £8.72 from April. The Budget commits to a new ambitious target for the National Living Wage to end low pay and extend this to workers aged 21 and over by 2024.
  • Helping people to keep more of their hard-earned money by leaving full-time workers on the minimum wage £5,200 better off than in 2010. Thanks to our changes to the National Living Wage and National Insurance Threshold, someone working full time on the National Living Wage is £5,200 better off than in 2010. Our decision to freeze 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.
  • Axeing 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.
  • Freezing fuel duty for a tenth year in a row to help with the cost of living. We will freeze fuel duty for the tenth year in a row saving the average car driver a cumulative £1,200 compared to Labour’s plan.
  • 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.
  • 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.
  • Setting out an ambitious package to build quality homes this country needs. The Budget announces £9.5 billion for the Affordable Homes Programme helping to prevent homelessness and help people to get on the housing ladder and taking the total funding to £12.2 billion from 2021-22. This will be the largest cash investment in affordable housing in a decade. We will also publish a White Paper on planning in line with our aim to support at least a million more homes
  • Creating an additional £1 billion fund to remove unsafe cladding so residents feel safe and secure. Having taken expert advice, we will provide this additional funding for buildings above 18 meters to ensure people feel safe in their homes.

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