Earlier today (25 November), the Chancellor of the Exchequer, Rishi Sunak MP, delivered a spending review to update the public on the nation’s finances and the steps that the Government is taking to support the economy going forward.
Among the many national announcements, Julie Marson, MP for Hertford and Stortford, has welcomed many of the measures that will benefit Hertford and Stortford residents directly.
For the lowest-paid workers in our community, a 2.2% rise to the Living Wage will see the wages of those on this pay increase to £8.90 per hour. Furthermore, a new Restart Programme will help those who have been unemployed for over a year to get back into work.
Despite difficult news on public sector pay, the Chancellor confirmed that the majority of public sector workers will see their pay increase next year.
Looking at how local public services will benefit from today’s news, every single pupil in Hertford and Stortford schools will see a year-on-year funding increase of at least 2%. As we continue to tackle coronavirus, total public services funding will be at £55bn next year.
On housing, a £7.1bn National Home Building Fund is being introduced, making sure that we build homes for those wanting to get on the property ladder.
Reacting to the review, Julie said:
“It’s clear that this is a spending review for Hertford and Stortford workers, demonstrated by the significant increase to the National Living Wage and the Restart Programme.
“Some residents have contacted me about public sector pay. I am pleased that, despite challenging news, the majority of public sector workers will see their pay increase next year.
“I am pleased that the Government has delivered for our community, helping hardworking people through the most difficult of times.”