Spring Budget 2017 Highlight

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• Publié par: freepricecompare
• Publié le: 15 mars 2017
• Nombre de lectures: 1
• Langue: English
• Poids de l'ouvrage: 1 Mo

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Spring Budget 2017 Highlights

A further 650,000 people expectedto get employment by 2021

Personal taxfree allowance to rise as planned to £11,500 this year and to £12,500 by 2020

12,600 12,400 12,200 12,000 11,800 11,600 11,400 11,200 11,000

11,500

2 0 1 7

12,500

2 0 2 0

Official forecasts estimate that the cost of living will rise at 2% or above for the next three years

The minimum wage for over 25s would rise to £7.50 an hour

Health and Social Care

1

£100mto place more GPs in accident and emergency departments for the next winter.

2

£325mfor the NHS sustainability and transformation.

3

24pper litre extra tax on most sugary softdrinks to reduce childhood obesity.

Education

1

£325mfor 110 new free schools and grammar schools.

2

£300mfor 1000 new PHD places & fellowships in STEM (Sci, Tech, Engg, Maths).

3

£216mfor upgrading existing schools.

Transportation

1

£270mfor new technologies such as robots and driverless vehicles.

2

Transport spending of£90m for the north of England

3

£690mcompetition fund for English councils to tackle urban congestion.

Mobile & Internet

1

£16mfor 5G mobile technology.

2

£200mfor reliable fullfiber

broadband networks.

Insurance

1

Rate for Class4 NICs (National Insurance Contribution) would rise from9% to 10% in April 2018, and to11% in 2019for those making a profit of more than £8,060.

Alcohol & Tobacco

1

Tobacco will rise by2%above the Retail Price Index (RPI) inflation. A packet of 20 cigarettes will cost35p more.

2

The duty rates on beer, cider, wine and spirits will increase by RPI inflation.This will equate to 2p on a pint of beer, 1p on a pint of cider, 36p on

a bottle of whiskey & 32p on a gin bottle.