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And I will also increase the Rural Rate Relief to 100%, giving small businesses in rural areas a tax break worth up to £2,900 per year.
The funds will be invested in innovative small businesses with potential for growth, to provide the finance that they need to expand. This will support up to £1 billion of new investment.
A section of the route, known locally as Lindal dip – at the junction with Green Lane east of the village - frequently floods in heavy rain. During last December’s storms temporary traffic lights had to be deployed several times to help drivers pass the flooded carriageway.
The government’s long-term investment decisions will be informed by the NIC to ensure they are targeted at the UK’s most critical infrastructure needs. To ensure the NIC’s recommendations are affordable, the government has set the NIC a fiscal remit. Government investment in the areas the NIC covers will rise to over 1% of GDP by 2020-21. The fiscal remit invites the NIC to set out recommendations on the assumption that spending on infrastructure will lie between 1% and 1.2% of GDP each year from 2020 to 2050. This would mark a sustained, long-term increase in infrastructure investment. The government will take all final spending decisions.
As well as taking millions of ordinary people out of tax, the government introduced the National Living Wage and gave a pay rise to over a million workers.
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