Budget: live

 

Chancellor of the Exchequer , Philip Hammond

Phillip Hammond is currently delivering his spring budget, here are some of the main points:

 

13:29 £100m for GP triage projects before next winter.

 

13:27 “Everyone should have access to the NHS when they need it.”

 

13:25 T-levels- 15 specific career qualifications, including a high quality 3 month work placement

 

13:22 Funding for 110 new free schools in England

 

13:20 Using International Women’s Day as a platform, the Chancellor has announced:

-£20m to support the campaign against violence Against Women and Girls

-£12m from tampon tax going to women’s charities

-£5m to returnships to the public and private sector, helping people back into employment after a career break.

 

13:17 £350 million for the Scottish Governement

 

13:15 When it comes to the sugar tax that was such a big point of the Autumn statement, the Chancellor said it will rise less due to companies taking more sugar out of their drinks, presumably having the desired affect.

 

13:10 On tobacco and alcohol he tells MPs that he is introducing a new minimum excise duty on cigarettes based on a pack price of £7.35.

He added that he will make no changes to “previously planned up ratings of duties on alcohol and tobacco.”

 

13:00 For businesses the Chancellor has promised:

– A number of breaks in business rates for businesses in England, including a £1000 discount for pubs that earn less that £100,000

Hammond promised to tackle tax avoidance by:

-Tackling abuse of foreign pension schemes

-Introducing UK VAT on roaming telecoms services

-Implementing new financial penalties for professionals who enable a tax avoidance arrangement that is later defeated by HMRC

 

 

12:50 -The OBR forecast estimates that 2/3 of a million more will be in work by 2021

-Borrowing will fall from the levels predicted in Autumn statement

-Promises that the parliament will not “saddle our children with debt”

 

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: