
Portsmouth South MP Stephen Morgan has said this week’s Budget is a major step towards fixing the foundations of our country and delivering change for Portsmouth people.
The Budget, delivered by the UK’s first female chancellor Rachel Reeves, focused on fixing the NHS and rebuilding Britain, while ensuring working people don’t face higher taxes in their payslips.
The chancellor said the choices made today turn the page on the last 14 years, when the Conservatives constantly chose to pick the pockets of working people.
The Budget takes tough decisions on spending and welfare by cracking down on fraud, tax avoidance and waste, and making sure every penny of taxpayer money is spent wisely.
The Labour Government will make sure that those who make their home in Britain, pay their taxes here too by abolishing the non-dom status.
Key announcements include:
- An increase to the National Living Wage – worth up to £1,400 for a full-time worker
- An extra £25.6 billion for the NHS over two years to cut waiting lists
- £2bn extra in NHS technology to improve health services
- No higher taxes in working people’s payslips with no increase in Income tax, National Insurance or VAT
- Preserving the State Pension Triple Lock, with over 12 million pensioners gaining up to £475 next year
- A 2.7% real terms increase to the Ministry of Defence’s budget to improve national security
- Support for the recruitment of 6,500 teachers by increasing the Core Schools Budget by £2.3 billion next year
- Abolishing the non-dom status so those who make their home in Britain, pay their taxes here too
- Boosting public investment by over £100 billion over the next five years
- Maintaining the fuel duty freeze and temporary 5p cut for 25-26
- Securing the UK’s borders, by establishing a new Border Security Command with funding in 2024-25 and 2025-26 to tackle organised criminal gangs by reducing the flow of irregular migration toward the UK and safeguarding victims of trafficking
- Supporting frontline policing levels across the country and putting the government on track to start to deliver the pledge to boost visible neighbourhood policing with 13,000 more neighbourhood officers and PCSOs.
- Restoring economic stability by taking tough but fair decisions.
Commenting on The Budget, Portsmouth South MP Stephen Morgan said:
“After years of failure and decline under the Tories, today’s Budget is a major step towards fixing the foundations of our country and delivering change for Portsmouth people.
“Today’s Budget focused on Portsmouth people’s priorities: protecting working people, fixing the NHS, supporting our schools and rebuilding our country.
“At the election, we promised change. Today shows we are committed to taking the tough but fair decisions needed to deliver that change for Portsmouth.”