Responding to the Budget Statement, North East Fife MP Sir Menzies Campbell said:
“This is a steady-as-you-go budget in very difficult economic circumstances as world markets such as Europe and the United States continue to stagnate. But the Chancellor has sought to reduce the impact on families with the raising of the tax threshold to £10,000 by next year, cancelling yet again a fuel duty increase on petrol and tax-free childcare. In addition, he has pledged three billion to be spent on infrastructure to help to stimulate the housing market with mortgage guarantees and to cut corporation tax. Taken together, these will be a prudent stimulus to growth without impacting on inflation or borrowing costs.â€
