Assembly Member Peter Black welcomes Budget but estate agents say there is little to get excited about
SOUTH Wales West Assembly Member Peter Black has welcomed a rise in the threshold of personal income tax allowance announced in yesterday's Budget.
Mr Black said: "When times are tough, with rising bills and wages not keeping pace with inflation, we want to give people real, practical help.
"Cutting income tax will not deal with all of those problems, but it will help. And I hope it will make a big difference to every family in this country."
However, Nigel Jones, director of John Francis estate agents, which has offices across South West Wales, said there was little to get excited about in the Budget.
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He said: "Unfortunately, as anticipated, we have seen very little in the budget that will help first time buyers.
"In Wales, we are not eligible for the shared equity scheme and although the proposed mortgage guarantee scheme will be of some benefit, it does not go far enough.
"If the Chancellor had wanted to make a real difference to first-time buyers, he would have reintroduced the holiday on stamp duty they used to enjoy.
"As things stand he has kept his hand steady on the tiller and as such, things remain much the same as they did before."