Budget 2014: Pensioners in east Suffolk welcome “very forward looking Budget”
John and Betty Woollan of Trimley St Mary. - Credit: Sarah Lucy brown
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.
Most Read
- 1 Unclaimed £83k winning EuroMillions lottery ticket was bought in Suffolk
- 2 Suffolk glamp site 'perfect for romantic retreats' named among best in UK
- 3 Police concerned for welfare of missing Suffolk man last seen two weeks ago
- 4 Long-running BBC One show to be filmed in Suffolk church
- 5 Former town council manager named as woman who died in A11 crash
- 6 ‘I think we sell one of the best Sunday roasts in Suffolk,’ says landlord
- 7 Greater Anglia warns of further severe disruptions as more strikes planned
- 8 A14 closed after crash involving lorry and car
- 9 'It's going great' - New pizzeria proving a hit in east Suffolk town
- 10 Woman who stole £24k from school and football club to face sentence
He expressed further support for the Chancellor’s plans to boost jobs and exports.