Today's Autumn Statement has Liberal Democrat policies at its core.
This Autumn Statement shows that Liberal Democrats are building a stronger economy and a fairer society where everyone is given the opportunity to get on in life.
Liberal Democrat policy is at the core of the Autumn Statement. This is a plan which sticks to our strategy to deal with the deficit, enabling us to release funds for key Liberal Democrat priorities.
We have protected our world class health service by providing an extra £3.1bn across the UK for the NHS. This includes making £2bn additional funding available for NHS services in England for the next financial year 2015/2016.
This is so that the NHS has the money it needs to meet the challenges of an ageing population and increasing demand. It will also provide the funding the NHS needs to deliver the first year of Simon Steven's five year plan.
This Autumn Statement is packed full of policies that deliver Liberal Democrat priorities.
- Help for lower and middle income earners by increasing the Personal Tax Allowance to £10,600, giving basic rate tax payers a tax cut of £120.
- Help for people buying a home by cutting stamp duty for the majority of buyers. This will make it fairer, ensuring that 98 per cent of homebuyers pay the same or less stamp duty and delivering long standing Liberal Democrat policy from 2007. The stamp duty paid on the average house price will be £4,500 lower while those buying a property for £5m will pay £163,750.
- Help for apprentices by making it cheaper for employers to take on an apprentice by abolishing employer National Insurance Contributions for apprentices aged under 25 on earnings up to upper earning up to the upper earnings limit.
- Help for people with mental health problems by providing £150m over five years to transform the support provided to young people with eating disorders.
It is because there are Liberal Democrats in Government that we have an economic recovery and that this is Autumn Statement providing:
- Support for enterprise by boosting Vince Cable’s Business Bank by a further £400m.
- Support for businesses by extending the doubling of Small Business Rate Relief to April 2016, capping the increase in business rates at 2% and providing extra support for the high street by giving a £1,500 discount to retail properties.
- Support for postgraduates by providing loans for those under 30 wishing to undertake postgraduate taught study.
- Support to local economic growth by allocating a further £1bn for a second wave of growth deals to support local projects as part of their ambitious plans for growth.
- Support for housing by trialling a radical new delivery model at Northstowe, as announced by Danny Alexander; supporting a new garden city at Bicester; and extending the affordable housing investment so that over the next Parliament the government will deliver 275,000 affordable homes-more than in any equivalent period in the last 20 years.
And it because there are Liberal Democrats in Government that the recovery will be sustainable and that the repair job will be done fairly.