Budget reaction in East Lancashire

Burnley and Pendle Citizen: George Osborne George Osborne

EAST Lancashire’s drinkers, pensioners, savers, and bingo players will benefit from yesterday’s Budget.

But fixed-odds betting machine gamblers, smokers and thousands of benefits claimants will be hit.

George Osborne cut manufacturers’ fuel bills, helped small businesses and exporters, and introduced a new forger-proof one pound coin shaped like the old 12-sided ‘threepenny bit’.

He raised personal tax allowances, taking thousands out of top rate tax and income tax altogether.

The Chancellor called it ‘a Budget for the makers, the doers and the savers’.

Beer duty was cut by a penny but the cigarette tax rises by two per cent above in inflation for the foreseeable future. Fuel duty was frozen.

Raising the personal allowance before people pay tax to £10,500 was welcomed as a major boost for East Lancashire workers by Rossendale and Darwen Tory MP Jake Berry.

However Blackburn Labour MP Jack Straw warned the new cap on welfare payments of £119 billion would cancel it out for many families.

He said: “The combination of rises in personal tax allowances and the proposed benefit cap with its effect on housing benefit on low income working families will mean little real difference to local people.

“This cap means the unemployed will be punished twice for losing their jobs.

“I welcome halving the tax on bingo. It is a sociable form of gambling, unlike fixed odds betting machines. I support the increase in taxation on these.” Mr Osborne’s major surprises were help for savers and pensioners.

He merged cash and share Isas into a single new version with an annual tax-free savings limit of £15,000 while allowing pensioners to cash in all their retirement pot.

He launched a new Pensioner Bond.

East Lancashire Chamber of Commerce chief executive Mike Damms said: “For local firms, the £7bn package on energy prices will help manufacturing.

“The doubling of the UK Export Finance direct lending scheme will directly benefit us”.

Moorhouse’s Brewery boss David Grant said: “Scrapping the tax escalator for all alcohol and a penny off a pint of beer is a move in the right direction.”

Helen Cowley, of Haslingden Chartered Accountants Cassons, said: “The ISA, pensions and savings tax changes are welcome for the well-advised.

“They will help to those with savings income.”

Comments (6)

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7:32pm Thu 20 Mar 14

shytalk says...

EAST Lancashire’s drinkers, pensioners, savers, and bingo players will benefit from yesterday’s Budget. B------t When has East Lancashire ever benefited from a Tory budget?
EAST Lancashire’s drinkers, pensioners, savers, and bingo players will benefit from yesterday’s Budget. B------t When has East Lancashire ever benefited from a Tory budget? shytalk
  • Score: 3

9:00pm Thu 20 Mar 14

M.DANNY says...

The budget for jobs,fags gone up drinkers will save a few pennies and bingo players will benefit and the part time workers, lone parents, pensioners yet will suffer further hardships with fuel bills and food price rises.
Low income families, lone parents and pensioners are suffering from fuel prices , food prices and drop in living standards.People here turning to foodbanks for help .Many folks falling into debts with rising cost of fuel ,bills council tax, rents and food prices .
The government is not doing enough to help young unemployed and even scrapped grants for further education.
The poor working class, lone parents and poor pensioners have not benefited from this budget.
The budget for jobs,fags gone up drinkers will save a few pennies and bingo players will benefit and the part time workers, lone parents, pensioners yet will suffer further hardships with fuel bills and food price rises. Low income families, lone parents and pensioners are suffering from fuel prices , food prices and drop in living standards.People here turning to foodbanks for help .Many folks falling into debts with rising cost of fuel ,bills council tax, rents and food prices . The government is not doing enough to help young unemployed and even scrapped grants for further education. The poor working class, lone parents and poor pensioners have not benefited from this budget. M.DANNY
  • Score: 6

9:56pm Thu 20 Mar 14

Kevin, Colne says...

None of this alters by one jot the over-riding destruction of the value of currencies.

If we reframed our experience of prices rising into one of the falling purchasing power of our currency we might better comprehend the source of some of our ills and come to recognize that we’re living through an era of currency wars .

The Master measure here, in my view, is the price of oil.

I consider the reconfiguration of the Pound into a coin the shape of the old thrupenny bit as symbolizing the decimation of its purchasing power during the last century and the first decade and a half of this century.

At the start of every new year many folks make resolutions, the media are full of predictions for the year ahead, but the question that should be asked is this: In twelve months’ time will the claim of a Pound on a basket of goods and services be less than it is now?

I would say that history points unequivocally to answering this question with the word ‘Yes’.

A great many people are now running hard simply to standstill.

Anyone who earlier in the week read the article ‘Rising cost of breakfast leaves bitter taste’ in one of the specialist national newspapers will know that in the short term the price of key food commodities has soared. If this is correct, then some pretty hefty price rises could be coming down the track which would mean that any benefit from changes made in the Budget will quickly evaporate.
None of this alters by one jot the over-riding destruction of the value of currencies. If we reframed our experience of prices rising into one of the falling purchasing power of our currency we might better comprehend the source of some of our ills and come to recognize that we’re living through an era of currency wars . The Master measure here, in my view, is the price of oil. I consider the reconfiguration of the Pound into a coin the shape of the old thrupenny bit as symbolizing the decimation of its purchasing power during the last century and the first decade and a half of this century. At the start of every new year many folks make resolutions, the media are full of predictions for the year ahead, but the question that should be asked is this: In twelve months’ time will the claim of a Pound on a basket of goods and services be less than it is now? I would say that history points unequivocally to answering this question with the word ‘Yes’. A great many people are now running hard simply to standstill. Anyone who earlier in the week read the article ‘Rising cost of breakfast leaves bitter taste’ in one of the specialist national newspapers will know that in the short term the price of key food commodities has soared. If this is correct, then some pretty hefty price rises could be coming down the track which would mean that any benefit from changes made in the Budget will quickly evaporate. Kevin, Colne
  • Score: 5

5:44am Fri 21 Mar 14

Timefor says...

M.DANNY calls it about right and the scary thing is there seems to be no-one prepared to stand up and argue for the issues s/he raises let alone do anything about them.

What this government and its allies in local government are about has been laid bare for us all to see and I find myself increasingly angry that we, the vast majority, are being used and abused in so many ways by all the main political parties. Where are the voices that say, "enough is enough and it's time for change. Time for budgets to be about getting best deals for us all and not just business"? Gone walk about they have!
M.DANNY calls it about right and the scary thing is there seems to be no-one prepared to stand up and argue for the issues s/he raises let alone do anything about them. What this government and its allies in local government are about has been laid bare for us all to see and I find myself increasingly angry that we, the vast majority, are being used and abused in so many ways by all the main political parties. Where are the voices that say, "enough is enough and it's time for change. Time for budgets to be about getting best deals for us all and not just business"? Gone walk about they have! Timefor
  • Score: 4

6:50am Sat 22 Mar 14

jenkinsroy says...

well well the same old thing
crap on the poor and the old that is all this government do
wait till the BANK of ENGLAND put up they interest rates in APRIL
and all in the budget goes down the toilet .
Which they will after the government has taken there rise of 11%
and the rest of us get 1% this shows you the way this party look
down on us all like crap.
And as for you pensions read the small print very closely
because they are going to make changes to get there hands on your cash
WELL as for the council boss taking more than the 1% pay rise
if this happens then we must vote them out of office in may
BECAUSE THEY HAVE NO NEED TO HAVE MORE THAN THE STAFF
AFTER ALL IT IS THE STAFF HOW DO THE BLOODY WORK.
TO ALL HOW WORK HARD FOR US ALL.
THE BIN MEN-CLEANER-OUT DOOR STAFF-DRIVERS-LABOUR
S
AND SO ON GOOD WORK REMEMBER YOU HAVE THE POWER
TO CHANGE THINGS IF THEY ARE NOT RIGHT USE THEM.
ALSO DO NOT FORGET WE VOTED
THEM IN WE CAN GET RID JUST AS FAST
THE COUNCIL ER THE GOVERNMENT MUST START TO LOOK AFTER US ALL NOT JUST A FEW WE CAN VOTE THEM OUT
AFTER ALL WE PAY THERE WAGES THIS IS WHAT THEY SEAM TO FORGET THE TAX PAYER PAY FOR ALL THERE WAGES
well well the same old thing crap on the poor and the old that is all this government do wait till the BANK of ENGLAND put up they interest rates in APRIL and all in the budget goes down the toilet . Which they will after the government has taken there rise of 11% and the rest of us get 1% this shows you the way this party look down on us all like crap. And as for you pensions read the small print very closely because they are going to make changes to get there hands on your cash WELL as for the council boss taking more than the 1% pay rise if this happens then we must vote them out of office in may BECAUSE THEY HAVE NO NEED TO HAVE MORE THAN THE STAFF AFTER ALL IT IS THE STAFF HOW DO THE BLOODY WORK. TO ALL HOW WORK HARD FOR US ALL. THE BIN MEN-CLEANER-OUT DOOR STAFF-DRIVERS-LABOUR S AND SO ON GOOD WORK REMEMBER YOU HAVE THE POWER TO CHANGE THINGS IF THEY ARE NOT RIGHT USE THEM. ALSO DO NOT FORGET WE VOTED THEM IN WE CAN GET RID JUST AS FAST THE COUNCIL ER THE GOVERNMENT MUST START TO LOOK AFTER US ALL NOT JUST A FEW WE CAN VOTE THEM OUT AFTER ALL WE PAY THERE WAGES THIS IS WHAT THEY SEAM TO FORGET THE TAX PAYER PAY FOR ALL THERE WAGES jenkinsroy
  • Score: 1

2:57pm Sat 22 Mar 14

leyton says...

a penny off a pint of beer is a move in the right direction.”do people actually believe if they go into a pub soon that they will pay a penny less hahahahaha;also in the budget the annual money found and set aside for the London ambulance service whilst ours has too resort to door to door touting for clothes to sell .About sums up the London bias.
a penny off a pint of beer is a move in the right direction.”do people actually believe if they go into a pub soon that they will pay a penny less hahahahaha;also in the budget the annual money found and set aside for the London ambulance service whilst ours has too resort to door to door touting for clothes to sell .About sums up the London bias. leyton
  • Score: 2

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