The Chancellor is set to deliver a significant boost to Plymouth's economy tomorrow (March 18th) in his last budget before the General Election.
George Osborne is expected to offer businesses tax breaks and generous incentives if they move to an new Enterprize Zone on dockyard land at Devonport.
It's hoped the project will bring a multi-million boost to the local economy and thousands of jobs.
Bob Constantine reports.
Flybe welcomes the Chancellor’s comments that the Government will “provide start-up support for new routes from regional airports". Flybe is committed to connecting the UK’s regions to the world and will be unveiling a major programme of new base and route development over the coming months.”
Exeter and Newquay Airports are likely to benefit from a £20 million Regional Air Connectivity Fund, announced by Chancellor George Osborne in today's budget speech.
The fund is designed to encourage airlines to start flying new routes from regional airports to increase connectivity and boost local economies.
Extra government money will be spent repairing the breakwater at Mermaid Wall on the Isles of Scilly, and repairing the harbour wall at Looe in Cornwall. Both were damaged in the recent storms.
The fund is part of a £140 million floods package announced by Chancellor George Osborne in today's budget speech.
Sedge Moor and Pete Budd, from Somerset country band The Wurzels, have welcomed the Chancellor's budget announcement that cider duty will be frozen.
The Chancellor's announcement of a reduction in beer duty is being welcomed by some pub owners
Obviously the brewing industry is delighted to see a reduction of 1p per pint in beer duty. This is good news for the counties publicans and brewers. The freezing of duty on Cider and whiskey will also help the regions cider farms and pubs."
Cornwall Air Ambulance is welcoming the Chancellor's plans to relieve VAT on fuel for Air Ambulances.
Today's announcement is very positive news for us should we choose to buy our fuel direct in the future, and for many of our Air Ambulance colleagues throughout the UK who currently buy their fuel in this way, and have therefore been subject to VAT.
Cornwall Air Ambulance has been a strong supporter of the campaign to relieve VAT on fuel for many years through our collaboration with other Air Ambulances through our national body, the Association of Air Ambulances.
We look forward to continuing to work with MPs - on both a local and national level - to seek further pledges and assurances in the future to help ensure we can provide the best possible service to our patients at the best possible value for our donors.
George Osborne's budget passed "the business test", the British Chambers of Commerce has said, as it hailed the Chancellor's focus on investment, exports and house-building.
"Osborne’s focus on investment, exports, house-building and economic resilience passes the business test," Commerce director general John Longworth said.
"By making a better business environment his top priority, the Chancellor has recognised that successful and confident companies are the key to transforming Britain’s growing economic recovery into one that is felt in homes and on high streets.
"Business wanted a Budget that was disciplined, focused, and geared toward the creation of wealth and jobs – and that’s what the Chancellor has delivered."
The Chancellor spoke for almost an hour but failed to mention that people's living standards have fallen under the Conservatives, Labour leader Ed Miliband claimed after the Budget.
He told the Commons: "Living standards down, month after month, year after year.
"Since the election working people's living standards - £1,600 a year down. You are worse off under the Tories.
"Their 2010 manifesto promised 'an economy where people's standard of living rises steadily and sustainably'.
"But they have delivered exactly the opposite.
"And today you simply reminded people of the gap between your rhetoric and the reality of people's lives.
"Living standards falling for 44 out of 45 months under this Prime Minister, unmatched since records began. No amount of smoke and mirrors can hide it."And we already know the answer to the question millions of people will be asking in 2015 - are they better off now than they were five years ago?
"The answer is no. Worse off, much worse off, worse off under the Tories."