Budget inspires mixed reaction in Potters Bar
PUBLISHED: 12:04 22 March 2016 | UPDATED: 12:07 22 March 2016
Potters Bar's MP was interviewed live on BBC television, giving his reaction to Chancellor George Osborne's budget.
Olver Dowden, MP for Hertsmere, praised the budget, welcoming in particular the cut in business rates, the freeze in beer duty, and the increase in the income tax Personal Allowance.
He said: “I was glad to hear that the budget today announced cuts to business rates, particularly for small businesses, and a freeze in beer duty.
“Many hard pressed local pubs and small businesses contacted me about both issues and I had lobbied strongly for some additional relief.
“It was also good to see further progress in increasing the tax-free personal allowance and lifting people out of 40p rate, both of which were promised in our manifesto.
“This budget will bring relief to Hertsmere’s small businesses and benefit hardworking people.”
The budget has also been praised by Potters Bar accountant Steve Barnes of TaxAssist in Darkes Lane.
He said: “More than doubling the threshold for claiming small business rate relief, from £6,000 to £15,000, will mean that many local business owners will no longer pay any business rates for their office or shop premises.
“This will be a major boost for many small businesses and will go some way to help level the playing field when competing against online only product and service suppliers.
“For many small businesses, particularly those which deliver products and services to our homes, cars and vans are essential, not a luxury, so the continued freeze on fuel duty is further good news.”
But Labour Hertsmere borough councillor Richard Butler said: “It is a budget that only helps a few, not the majority.
“The resignation of Iain Duncan Smith has shown it is a complete cock-up, and they are not resolving the deficit.”