collected by :John Locas
Key points from the Spring BudgetHere are the Chancellor’s proposed changesSOCIAL CAREAn extra 2bn funding for social care and the NHS has been pledged over the next three yearsNATIONAL INSURANCEMillions of self-employed workers will see their National Insurance bill rise from 9% to 11% over the next two yearsCHILDCARETax free childcare to save families up to £2,000 a year as entitlement for three and four-year-olds is doubledBOOZE AND FAGSDuties on alcohol to rise with inflation and tobacco to increase at 2% above inflationWAGESLiving Wage to increase by 30p an hour from £7.20 to £7.50BUSINESS RATESTax break of £1,000 for pubs and a £300million discretionary fund for councils to help struggling businessesSUGAR TAXChancellor announces levy of 8p to a can of Coca-Cola and 24p for a litre of sugary drinks
as declared in
She refuted the claim that hospitals were tackling a “humanitarian crisis” and said health funding was at record levels.
Sugar-filled soft drinks will see a tax hike in April 2018 in an attempt to combat rising levels of obesity.
Getty Images5/6 Target to treat all A&E patients within four hours Mr Hunt was accused on Monday of watering down the flagship target to treat all A&E patients within four hours.
The DfE is expected to receive an extra £1bn from the sugar tax, said Mr Hammond.
Philip Hammond announced details of the new sugar tax in his budget statement, saying the money raised would go to the Department for Education (DfE) for school sports.
as declared in
Markets calm after Philip Hammond delivers his Budget as businesses wait for a better picture of post-Brexit Britain in the Autumn Statement
Alamy 2 Markets had a jitter before the Budget announcement, but soon calmed downAs Philip Hammond delivered his first Budget today, the markets seemed unphased.
UK growth predictions were also revised up to 2 per cent for 2017ALL CALM ON THE WESTMINSTER FRONT?
Sterling recovered some of its losses against the dollar today as the Chancellor unveiled a relatively upbeat prediction of the economy.
Neil Wilson, at ETX Capital, said today: “Markets took the Budget in their stride, with the FTSE 100 and FTSE 250 rising a touch as soon as the Chancellor started speaking.
The Office for Budget Responsibility (OBR) said that it expects the economy to grow by 2 per cent this year – compared to its last estimate of 1.4 per cent.