‘Another Tory Budget full of missed opportunities’ – Ritchie

Posted by
info@newrytimes.com
Thursday, December 4th, 2014
Politics
SDLP South Down MP Margaret Ritchie has said that the British Chancellor’s Autumn Statement offers nothing to the vulnerable and working people who will be worse off. Speaking from Westminster Richie stated, “This is another Tory budget that will hurt the vulnerable and many of those on lower incomes. This government have yet again left working people worse off. “The stagnation in wage growth is damaging the whole economy, including public finances in Northern Ireland, and the OBR report shows real earnings are not forecast to return to pre-crisis levels within the next five years. “The UK government’s endorsement of corporation tax devolution is to be welcomed but this is balanced with a degree of caution. The parties need to know the details and the potential financial implications of corporation tax before it can form part of a meaningful budget deal. “The limited measures to freeze fuel duty and abolish APD for younger people are positive announcements but it was most disappointing that there was no mention whatsoever of a VAT cut for the tourism sector. Ritchie added, “This is a measure that could bring immediate growth and create jobs and investment. It has been enormously successful in the rest of Ireland and should be implemented at once.”

Would you like to advertise your business on Newry Times and reach thousands of people every day? Contact the Newry Times office on 028 4062 6520 or email Paul: editor@newrytimes.com

Both comments and pings are currently closed.

Comments are closed

-->

This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in