After three years of the extraordinary shocks of the pandemic, the war in Ukraine and the energy crisis, today’s Budget puts in place a long term strategy for our country and our economy.
Inflation is due to fall dramatically by the end of the year, the economy will avoid recession, and borrowing will fall as a percentage of our economy. The changes to childcare support, the freeze in fuel duty, extending the energy price guarantee, and getting over 50s back to work will help many people in Wimbledon. The changes to capital allowances and the new R&D tax credit regime alongside the pension changes will help businesses in Wimbledon. Abolishing the Work Capability Assessment and introducing the new Universal Support will ensure disabled people and those long-term sick have better access to employment.
Today’s Budget is good news for our country and for Wimbledon. We can all be more optimistic about our economic future.