Welsh Conservatives have welcomed a tax cut for over a million Welsh workers as part of a package of measures to sustain the long term economic plan.
The Budget announced another rise in the personal allowance to £10,500. Since 2010, 155,000 of the lowest paid workers in Wales have been taken out of tax altogether.
Since 2010, Labour’s budget deficit has been cut by more than a third, unemployment is falling and the UK economy is now the fastest growing in Europe.
The Budget announced good news for Welsh pubs with a cut in beer duty and help for savers with the tax-free ISA allowance rising to £15,000.
The Welsh Air Ambulance will benefit from the waiving of VAT on fuel.
Later this afternoon, Welsh Conservatives will lead a debate highlighting how the UK economy is on the rise and will call on the Welsh Government to start playing its part in promoting economic growth in Wales.
Paul Davies AM, Shadow Finance Minister, said:
“This Budget shows how, under the Conservatives, Britain is on the up with rising growth, rising employment and action to pay down the deficit.
“This is a Budget that supports hardworking people with tax cuts, frozen fuel duty and help for savers with a rise in the ISA allowance.
“Many pubs in Wales have been struggling to stay afloat but today’s second cut in beer duty will be welcomed across the country and is a shot in the arm for pubs, breweries and everyone who enjoys the occasional pint.
“Last year, Labour Ministers were gleefully talking down the Welsh economy and predicting a triple-dip recession, but now the UK is the fastest growing economy in Europe.
“Labour politicians must now accept that the UK Government’s long-term economic plan to get the country back on its feet is working.
“The last Labour government went on a debt-fuelled spending spree, wracking up the biggest budget deficit since the Second World War.
“Labour politicians still owe the country an apology for taking a wrecking ball to the UK’s economy.”
