Labour Cllr. Josh Newlove today threw his weight behind Conservative MP’s Graham Stuart and David Davis in calling for an urgent review of the impact on the caravan industry following Chancellor George Osborne’s insistence that certain VAT payments should paid from October 1st. The Office for Budget Responsibility calculate that a static caravan now costing £30,000 will from October soar to £36,000 potentially cutting sales overall unit sales by 30%.
Tory Beverley and Holderness MP Graham Stuart said, “I am very concerned by this aspect of the Budget, and David Davis and I will be seeking a meeting with the Chancellor”.
East Riding Councillor for Tranby Josh Newlove said, “This is the last thing that the caravan industry in our area needs. Having just got back on its feet in the wake of the 2008 Financial Crisis which saw high street Banks such as Barclays pull the plug on successful local caravan manufacturers, this news has re ignited fears that a flagship local industry will be forced back into reducing capacity and ultimately this will have an affect on jobs and the local economy.”
“When combined with the attack on pensions, child benefits, and cutting tax for the super rich, this move has proved that George Osborne is completely out of touch with the real and pressing needs of the UK public. This is the bungled Budget”, Cllr Newlove concluded.