23rd Nov 2023

Autumn Statement: Backing Portsmouth, people, families and businesses.

Yesterdays Autumn Statement was one that will back Portsmouth businesses:

✅Tax relief extensions for Solent Freeport
✅Improved planning – if planning authorities don’t deliver on time, you get refunded
✅£150 million Investment Opportunity Fund
✅Making “full expensing” permanent, helping our manufacturers
✅Pension fund reforms could boost pensions by £1000 per year (on average)

It also helps those with the cost of living, including tax cuts, uprating of benefits and state pensioners will be an average of £900 better off.

And we’re backing our high streets. Often our high streets like North End and Cosham are the beating hearts of those communities.