Pre-budget report

mike and darling

Mike Gapes recently met Chancellor Alistair Darling to discuss the current difficult economic situation. Mike welcomed the Pre-Budget Report as it provides real help for local people. The 2008 PBR set out action to help families and businesses through the tough times caused by the global credit crunch, and by putting money into the economy now so we come out of this sooner and stronger. Once the economy is growing again we will be able to tackle the public finance problems caused by the global economic crisis by measures based on fairness in which the very wealthy must make the greatest contribution. Mike Gapes MP said:“Given the worldwide forces hitting the UK economy nationally and locally, I welcome the Chancellor’s budget proposals which mean real help to homeowners, to protect jobs and businesses. I especially welcome the special payment to all pensioners in Ilford South constituency of £60 on top of the Christmas bonus of £10. Families of disabled children will also receive this extra cash boost. All families in Ilford will benefit from the increase in Child Benefit which will start straight after Christmas. The cut in VAT will provide a welcome boost to the economy locally. In the 80’s and 90’s the Tory answer to a downturn was to turn their backs on families and businesses. We must reject these callous sado-monetarist ideologues. I am pleased that our Labour government is taking action now and offering real help through the tough times.”

Locally this means:

4480 pensioners in Ilford South constituency benefit from a rise in the Pension Credit – up to £130, over and above the rise you would normally see (and rising to £198.45 for couples).

12,600 families will benefit from a rise in the Child Tax Credit – the £25 increase in the Child Element is being brought forward.

30,575 children in 15,810 families will gain from the rise in Child Benefit (now rising to £20 a week for the 1st child, and to £13.20 a week for other children) – an increase the Government is bringing forward from April to January 2009.

The annual Christmas Bonus of £10 will be increased to £60 – a one-off seasonal payment going to 15 million people including 12.5m pensioners and recipients of Incapacity Benefit, Disability Living Allowance, Carer’s Allowance and Bereavement Benefit.

14460 people in llford South constituency will be receiving their Winter Fuel Payments at the moment – as announced at Budget 2008, an extra £100 on top of the regular £300 payment for over-80s households, and an extra £50 on top of the regular £200 payment for over-60s households.

posted 6 December 2008

 

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