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Shipley’s Bingo one of many set to benefit from the Budget
2:00pm Friday 21st March 2014 in Local
PENSIONERS, pub goers and workers were the big winners in the recent budget - as well as Redditch's Shipley’s Bingo Club.
Chancellor George Osborne delivered a budget based around tax cuts, cheaper booze, a freeze in fuel duty and help for savers.
It was also aimed at chasing the grey vote - with a new "pensioners bond" being launched for over 65s, allowing them to save up to £10,000 with a return rate of four per cent.
The amount workers will pay before tax is going up to £10,500 from April 2015, a rise of £500 which mean the average person in employment being £800 better off.
The 40p tax rate threshold, meanwhile, will rise from £41,450 to £41,865 next month and up to £42,285 next year.
Beer duty has been slashed by 1p for the second year running, duty on ordinary cider has been frozen while taxes on cigarettes will rise two per cent above inflation.
The 10p savers tax was also scrapped completely in a bid to help millions of Brits stuffed by low interest rates.
During his address in the commons, Mr Osborne also revealed growth forecasts for the economy have been revised upwards to 2.7 per cent for 2014, with the Office for Budget Responsibility saying the UK is outstripping all advanced nations.
Redditch MP Karen Lumley said: “The Government’s long term economic plan is working for Redditch, and for Britain.
"There were some very helpful measures announced by the Chancellor. Each of these represents more money in the pocket of ordinary hardworking Redditch people. We must trust people with their own money.”
In a surprise move Mr Osborne also said he was slashing bingo hall tax in half, down to 10 per cent, saying the numbers of them had "plummeted by three quarters over the last 30 years."
It came after 300,000 people signed a petition calling for the taxes to be reduced.
Mrs Lumley will be visiting Shipley’s Bingo Club in Redditch next week where she hopes this news will be welcome.
In the commons Mr Osborne said it was a budget aimed at "turning the country around" and insisted it was about "helping ordinary people" keep more of their cash.
Labour leader Ed Miliband said it was "a recovery for the few, not the many" and claimed the Tories long-term plan is "tax cuts for the richest".