Member of Parliament for South Shields
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Budget For Building Britain's Future
David Miliband MP today welcomed the Budget as delivering real help now to get people, especially young people, quickly back into work, and support businesses and homeowners facing problems.
The Budget also supports investment in the growth industries of the future on which Britain’s success will be built.
Speaking shortly after the Chancellor delivered the 2009 Budget, David Miliband MP said:
"I welcome today's budget with its focus on jobs now and jobs in the future. Today's announcements will continue to support hard working families in South Shields.
The measures in the budget will help us deal with the economic difficulties and continue to support jobs, families and the environment.
Our government will not take the decision to do nothing like the Tories did in the 1980's and 1990's. South Shields is a great town and as the town's MP, I will ensure that this government continues to do everything it can to support hard working families and business."
The Budget announced:-
Support For Employment
Including for Jobcentre Plus and the Flexible New Deal, and the offer a guaranteed job, training or work placement for all 18-24 year olds who reach 12 months unemployed.
Support For Individuals
Including through an increase in the annual investment limit for Individual Savings Accounts (ISAs) to £10,200, up to £5,100 of which can be saved in cash.
An additional payment alongside the Winter Fuel Payment worth £100 for households with someone aged over 80 and £50 for households with someone aged over 60. This support will be welcomed by thousands of senior citizens in South Shields.
Pension Credit: Increasing the capital disregard on the level of savings that are not taken into account when calculating entitlement, from November 2009, from £6,000 to £10,000.
Support For Homeowners And Homebuyers
Including with a £600 million funding package of measures to build more homes, and an extension of the stamp duty holiday for all houses costing up to £175,000 until the end of the year;
Support For The Enviroment
Including setting the world’s first carbon budgets and measures to encourage energy efficiency and low-carbon growth.