Local MP Blake Stephenson wants to hear from the people of Mid Bedfordshire about their views of the Chancellor's Budget statement today.
Chancellor Rachel Reeves set out the new Labour Government's plans in the House of Commons today (30th October).
This included overall taxes increasing by £40 billion, the largest ever rise, a increase National Insurance for employers by 1.5 percentage points, a 6.7% increase in the National Minimum Wage, the introduction of VAT on private school fees, an increase to Capital Gains Tax, maintaining the Fuel Duty freeze and farms being dragged into paying inheritance tax.
On top of this the bus fare cap will be increased to £3, the income tax threshold freeze will be maintained until 2028 and East-West Rail will be completed from Oxford to Cambridge.
The Office for Budget Responsibility has said that following the Budget statement the tax burden will be the highest on record, borrowing will be higher than forecast under the last Government and growth will be lower in the medium term than forecast under the previous Government.
Its forecast also shows inflation and interest rates will both be higher as a result of the Budget.
Blake is planning on speaking in debates on the Budget in the coming days and weeks and is keen to hear views from Mid Bedfordshire constituents to help develop his response.
You can have your say in Blake's survey below.
