Greg Changes the Law
Our MP Sir Greg Knight has changed the law with his Private Member’s Bill, the Parking (Code of Practice) Act, which has been passed by both Houses of Parliament and has recieved Royal Assent from the Queen.
In doing this Greg has entered the ‘1% club’ of MPs who manage to change the law through the Private Members Bill procedure in each Parliamentary session.
Privately issued parking ‘tickets’ soared to 4.7 million last year – one every 7 seconds with a number of these issued in dubious circumstances.
Greg’s Act introduces a statutory code of practice for private parking companies which will prevent motorists being unfairly treated.
Greg 2019 explains: “Some dodgy operators have been engaging in practices such as unclear signage, ticketing people whist they are getting change and even when their own parking payment machines are out of order. Until now the law was powerless to prevent this”.
“My new law will help stamp out rogues in the industry”.
UK Finances Hit Monthly Record Surplus
Figures released in February 2019 show that Britain's public finances hit a record surplus as a surge in income tax payments put Chancellor of the Exchequer Philip Hammond on a strong footing for his final fiscal statement before Brexit.
Britain ran a budget surplus of 14.895 billion pounds in January, the highest since monthly records began in 1993 and above all economists' forecasts in a Reuters poll, the Office for National Statistics (ONS) said on Thursday.
Britain's budget deficit now looks on track to fall to its lowest since 2001/02 at just over 1 percent of national income this financial year, down from nearly 10 percent just after the depths of the global banking crisis in 2009/10.
Borrowing in the first 10 months of the financial year came to 21.2 billion pounds, 47 percent less than at the same point in the 2017/18 tax year and the lowest since the 10 months to January 2001.
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