July 25 2014 Latest news:
Wednesday, March 19, 2014
Pensioners in east Suffolk have welcomed today’s Budget announcement with its promise to “reward” savers and “trust” hard working people with their own money.
John Woollan a retired serviceman, who lives in Trimley St Mary with his wife Betty, said he expected to be “slightly better off” as a result of the Chancellor’s policies.
“I think it’s a very forward looking Budget,” he added.
“The Chancellor pleased me very much with his plans and I sincerely hope they will come to fruition.
“I think in a year’s time Britain will be in a much different place than it is today.”
Mr Woollan, 82, said it had been “barely worth saving” over recent years and was pleased to see the removal of restrictions on ISAs, which George Osborne said would be “generous” for savers. The couple will also “explore” the new Pensioners’ Bonds, which will offer interest rates of up to 4% to those aged 65 and older.
Mr Woollan, who has four grandchildren, one of whom is looking to buy their first home, also welcomed the announcement that 20,000 new homes would be built.
He expressed further support for the Chancellor’s plans to boost jobs and exports.