Government budget welcomed by MP who says it will support Hampshire
East Hampshire MP Damian Hinds welcomed the Autumn Budget presented in the later stages of last year by Chancellor Philip Hammond. The statement laid out plans for £15.3bn-worth of new support for house building and to offer additional help for small businesses.
Damien says he is happy with the plans. He said: “I’m pleased the Autumn Budget includes a clear programme of support for new house building, particularly as affordability is a concern locally, with the ratio of average house prices to incomes particularly high in East Hampshire. The aim to build 300,000 new homes a year is a rate not seen since the 1970’s.”
Damien added: “As small businesses are the backbone of the local economy, I’m also pleased to see more help for them through the changes being made to business rates next year, and the decision to hold the VAT threshold of £85,000.
“This is a good budget, it allows us to invest in the long-term support for families and businesses.”