In the week of the most radical changes to the tax system for 2 decades, the Prime Minister is travelling the country meeting some of the hard-working people who will benefit.
Following the Chancellor’s speech on Monday where he said that he wanted the UK to be the best place in the world to find a job, the Prime Minister will be visiting a number of companies who are already making this a reality.
3 businesses alone are announcing a combined total of nearly 10,000 new jobs:
- Accenture is taking on 500 new employees
- Birmingham Airport is approaching the completion of the extended runway which will be operational from 1st May - this will lead to 4,000 jobs in the airport and an additional 4,000 jobs in the supply chain
- Vodafone is taking on an extra 1,400 staff
The Prime Minister said:
A key part of our long-term economic plan is to create jobs and to cut taxes. So I am delighted that in the week where we are cutting tax for 26 million hard-working people – and now taking 3 million out of tax altogether – I can announce nearly 10,000 more jobs which will give people financial security for the future.
Steve Lamb, Chair of Thames Valley Berkshire Local Enterprise Partnership, also welcomed the news that Berkshire based mobile operator, Vodafone, would add 150 shops and create 1,400 jobs across the UK during the next 12 months in a £100 million investment:
The LEP congratulates Vodafone on this expansion of its business. Thames Valley Berkshire is home to over 200 European or Global HQ operations and this news is a great example of the growth we, as a LEP, are seeking. We will shortly be entering the negotiation phase with Whitehall over the Local Growth Fund and how it supports our Strategic Economic Plan. The result of the negotiation will bring major new investment opportunities to Thames Valley Berkshire.
It’s reassuring to see that Vodafone is already committed to long-term sustainable growth not only locally, but nationally. Today’s welcome news helps to underline the economic progress in the sub region and how the LEP is working to secure a more prosperous and sustainable future.
Business tax changes this week will continue to help businesses hire more people and build a more resilient economy. The action the government has taken to support business and grow the economy will be worth £11 billion in the financial year 2014 to 2015.
On Tuesday this week, Corporation Tax came down to 21%, the Annual Investment Allowance was doubled, Business Rates were capped at 2% and fuel duty was frozen. And from Sunday, over 1 million businesses will benefit from up to £2,000 cashback on their National Insurance Contributions.
This approach has already led to 1.3 million more jobs in Britain.
And while there are still over 2 million people looking for a job, changes are being made to improve schools, invest in skills and boost British businesses.