Spring budget 2017: New London devolution deal announced
This was the first spring budget given by Philip Hammond. Picture: PA Images. - Credit: AP/Press Association Images
Today Chancellor Philip Hammond addressed a packed House of Commons to deliver his first, and final spring budget.
The hour-long speech omitted any mention of Brexit or climate change, but included other pledges on everything from the economy to education, as follows.
1) LONDON: Devolution to the capital was given a boost by the Budget, with new powers handed down to London by the chancellor.
2) ECONOMY: Growth forecast upgraded from 1.4 per cent to 2pc, real wages will rise through to 2020.
3) BUSINESS RATES: Relief package of £435m announced for small businesses. 90pc of pubs will be given a £1,000 discount on business rates this year. Any business coming out of small business rate relief will not see their bill increase by more than £50 a month, and subsequent increases will be capped.
4) SELF-EMPLOYED: Class 4 contributions by the self-employed will increase by 1p in the pound to 10 per cent in April 2018, with a further 1pc in 2019.
5) HEALTH: A new triaging project will get £100m to “free up hospital beds”.
Most Read
- 1 Bethnal Green officers sacked over 'abhorrent and discriminatory' messages
- 2 Jailed: 8 east London offenders put behind bars in June
- 3 Three stabbed in Chrisp Street chicken shop
- 4 Former Tower Hamlets councillor publishes autobiography on life as a hijabi woman
- 5 Police officer sacked for 'turning blind eye’ to criminal husband
- 6 Bow Lock murder defendants blame each other for fatal attack
- 7 Five classic Rolling Stones moments at BST Hyde Park
- 8 Woman treated at scene as 40 firefighters called to Bow tower block
- 9 8 charged after drugs raids in Hackney and Tower Hamlets
- 10 Man accused of Yasmin Begum killing denies murder and burglary
6) SOCIAL CARE: Social care will get a £2bn injection over the next three years.
7) EDUCATION: 100 new free schools will be opened, including a new generation of grammar schools. T-Levels will be rolled out for technical qualifications.
What does the budget mean for you? Let us know by emailing phoebe.cooke@archant.co.uk