Please note: This site covers the period that I was a Member of Parliament from May 2010 to June 2017.
MP for Bedford and Kempston, Richard Fuller, has long called for employers to pay a ‘living wage’ to employees. Today, the Chancellor took a major step to achieving that goal by announcing the introduction of a National Living Wage. A National Living Wage of £7.20 an hour for the over 25s will be introduced in April 2016, and this will rise to over £9 an hour by 2020.
Richard said, “Working people in Bedford and Kempston need a pay rise and George Osborne has committed to doing just that for people who earn modest incomes from their hard work. The Budget is a major step forward to a higher wage, lower welfare and lower tax society, putting our economy on a surer foundation for the future.”
Richard also welcomed a number of other measures announced in the Summer Budget, including a further increase in the amount people can earn before paying income tax – a rise to £11,000 in April 2016; reforms to welfare to make it fairer for taxpayers who pay for it, while protecting the vulnerable; taking the family home out of inheritance tax; a further cut in the National Insurance bill for small businesses; increased spending every year on the NHS; and a commitment to protect spending on defence at 2% of national income.
Richard added, “This Budget gives working people lower taxes and higher wages. It makes the welfare system fairer and more affordable, and it ensures our economic security.”
For full details of measures announced in the Summer Budget, click here.