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Autumn Statement in the West Country

George Osborne has announced plans to legislate for an overhaul of the stamp duty taxation system, which he says will mean a tax cut for 98% of homebuyers.

The Chancellor made the announcement in his final Autumn Statement before the General Election, during which he announced that economic growth would be higher than expected this year, as would government borrowing.

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Exeter-based Flybe responds to Autumn Statement

Exeter-based Flybe has welcomed George Osbourne's announcement that air passenger duty is to be scrapped for children under 12 from next year.

“The scrapping of Air Passenger Duty (APD) on flights for children under the age of 12 is to be welcomed. However, this is just tinkering at the edges and represents a missed opportunity by The Chancellor to show that he is serious about the economic regeneration of the UK regions. Despite continuing to engage with the government to emphasise the unfairness of APD, the needs of our regional passengers are still being ignored.

“It’s time for the Chancellor to seriously listen to the UK regions and deliver reform quickly, to ensure the government does not inflict further damage to the UK’s aspirations for economic growth.”

“The Smith Commission’s recommendations to devolve APD to the Scottish Government shows progress, and we believe its implementation would demonstrate the benefits ofcutting or abolishing the tax to other nations or regions within the UK, which in turn would deliver a balanced economic recovery.”

– Flybe’s Chief Executive Saad Hammad
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Autumn Statement in the West Country

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