Huppert’s reaction to Chancellor’s Autumn Statement

29 November, 2011 No Comments

November 29, 2011

“The Coalition Government has responded to a difficult time with a collection of proposals that will do much good in our economy. None of us would want the country to be in such large debt or to have the countries around us suffering economically so badly; but we cannot have everything we would like if there were cash to spare. The money available, however, has generally been well targeted.

Those who receive pensions and benefits are often the worst off. I am delighted, therefore, that the government is increasing working age benefits and pensions by 5.2%, together with the Child Tax Credit, which is going up by £135 – a total increase of £390 since the Government came into power. The Lib Dem Pensions Triple Lock is ensuring a rise in pensions of £5.30p per week – the largest cash increase ever.

“Housing is a particular problem here in Cambridge, with around 7,000 people on the Housing Needs Register and I welcome the steps made to encourage more house building and to kick starting projects that are stalling. There are also a wide range of infrastructure projects announced, from broadband to rail schemes – including the first half of the full Oxford-Cambridge East West Rail line.

“Locally, I am delighted to see £20 million pounds for immediate improvement of the A14, to fix the junctions and improve resilience. I have argued this for ages and have been pressing the government to get this work done at long last.

“And in a science city like Cambridge, I am of course delighted with the extra £500 million for science capital spending – Cambridge will directly benefit from that, as it will from schemes to make it easier to get funding for start-ups companies, and for small and medium enterprises to get cash.”

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