Sunderland families will benefit little from the Budget, says MP

MP Sharon Hodgson.
MP Sharon Hodgson.
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SUNDERLAND West and Washington MP Sharon Hodgson says there is little in today’s Budget to cheer Wearside families.

A 1p cut in fuel duty from 6pm today and changes to personal tax allowances grabbed most of the headlines.

MP Sharon Hodgson said: “My constituents will have been hoping that the Chancellor would have acknowledged the failure of his policies so far in creating the jobs and growth we so badly need.

“Instead what they got was a pledge that they would be 86p a week better off in 2013.

“We’ve gone from recovery back to the brink of recession, with future growth revised down, huge job losses on the way in the public and private sector, investment in regional economies slashed, and cuts targeted on children and families. This Budget has done virtually nothing to address those problems.

“However, I am pleased that the financial commitment to the Green Investment Bank has been increased from £1bn to £3bn – this is something I called on the Government to do recently, and if they follow through on their promises it could help the North East enhance its international reputation for low-carbon industries.”