‘Delivering a Britain fit for the future’: NE Cambs MP Steve Barclay reacts to the Budget

Steve Barclay MP for North East Cambs.

Steve Barclay MP for North East Cambs. - Credit: Archant

Steve Barclay has hailed Chancellor Phillip Hammond’s Budget as one that “delivers a Britain fit for the future”.

In yesterday’s announcement, The Chancellor promised to invest in technology, provide more funding for devolved authorities, business and the NHS as well the abolition of stamp duty for all first-time buyer home purchases up to £300,000.

And in the wake of the Budget, Barclay, who is Economic Secretary to the Treasury, says it is one that will allow Britain to prepare for Brexit and also took the opportunity to aim a dig at Jeremy Corbyn’s Labour.

He said: “The Chancellor set out a balanced budget which marked a clear diving line with the Labour Party which always goes too far on borrowing and spending.

“It reflects our Government which is looking forward to the opportunities of post-Brexit Britain with optimism, viewing forthcoming major changes in technology as an opportunity. This budget is in stark contrast with Labour, which would take the country back in time.

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“The strength of the economy following 19 consecutive quarters of growth, three million more jobs, and a doubling of foreign direct investment flows in the last year from £80 billion to £158 billion, has also enabled the Government to invest for the long term to improve productivity.

“Embracing these opportunities also includes preparing for a post-Brexit Britain. It remains our intention to reach an ambitious free trade agreement with the EU in both goods and services, as the Prime Minister set out in her speech in Florence.

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“This is in the interests of both the EU and the UK. But we need to prepare for all outcomes in our negotiations with the European Union. As such the budget allocates £3 billion to support our preparations for leaving the EU.

“This combination of meeting our fiscal targets, supporting families, and investing for the long term reflects our balanced approach. It shows our Party is looking forward with optimism to the opportunities on technology ahead, and is developing the transport infrastructure and skills needed to unlock its full potential. It reflects a Government that has listened to feedback from the general election.

“And it continues to clear the deficit, prepare for Brexit, and back our businesses with the support they need to boost productivity.

“This is a Budget that delivers a Britain fit for the future.”

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