Jonathan Djanogly, MP for Huntingdon, has today welcomed the Chancellor’s Autumn Statement which has set out how the Government will restore economic stability, protect key public services, help control inflation and boost growth.

It represents a fair deal for Britain and will help people and businesses across Huntingdon through the tough times ahead. It includes an extra £11 billion in funding over the next two years for the NHS and schools, and other public spending for the next two years will be protected at the levels set out in 2021, later increased by one per cent in real terms a year until 2027-28.

£12 billion of extra targeted support is also being provided next year to help eight million low income, vulnerable and pensioner households, on top of the cost of living payments being provided this year. This means additional payments of £900 for people on means-tested benefits, £300 for pensioners and £150 for disabled people to help with their energy bills.

Every household will continue to be supported with their higher energy bills following the announcement that the Energy Price Guarantee will be extended until April 2024, with a price cap increase from April 2023 meaning a typical household’s energy bills will be capped at £3,000.

This is all being supported through boosting growth, with £600 billion in capital investment over the next five years protected, along with the Levelling Up Fund, the UK Shared Prosperity Fund, R&D spending and a £14 billion business rates cuts package to support high street businesses.

Commenting on the Autumn Statement, Jonathan said:

“High inflation and slow growth are affecting countries everywhere and it is right that the Government has come forward with a plan to restore economic stability and tackle inflation.

“I welcome that, even in these tough times, an extra £11 billion is being invested into our schools and the NHS, helping deliver vital investment across Huntingdon and the local area.

“Only through sound management of the public finances can we continue protecting the most vulnerable and provide the long-term economic stability that is so vital for people and businesses to thrive.”