Victoria has welcomed the Government’s Autumn Statement, which will help working families in North Oxfordshire, continue to address the deficit, and tackle the long-term challenges facing our economy.

The Autumn Statement sets out the steps the Chancellor will take to put ordinary working families first:

  • Helping ordinary working families who are struggling by increasing the National Living Wage from £7.20 to £7.50 in April 2017. This will mean a further pay rise for 1.3 million people, worth over £500 a year to a full-time worker.
  • Bringing down the deficit to get the country back to living within its means by balancing public finances and tackling tax evasion.
  • Addressing Britain’s low productivity by introducing a National Productivity Investment Fund, worth £23 billion.

The Chanellor has committed to investing an additional £27m to the Oxford to Cambridge Expressway project. A link between the two cities will boost the country’s economy as well as provide further infrastructure for those living in and around Bicester and Banbury.

Welcoming these measures, Victoria said: “The action announced in this Autumn Statement will help local people who are just about managing, and ensure that our economy is fighting fit as we begin the process to leave the European Union. Increasing the National Living Wage, building more homes that local people can afford, ending tenants’ fees and continuing the fuel duty freeze for the seventh successive year will help families across North Oxfordshire make ends meet.                               

I am very pleased that funding for the Oxford to Cambridge Expressway has been confirmed and I hope my constituents will soon be able to benefit from the investment, widening job opportunities and significantly improving travel times.”