What are the main points of the Budget?



2017-03-08T18:36:24.627Z
2017-03-08T18:36:24.627Z

What are the key points of Phillip Hammond's 2017 budget?

The key points of the 2017 budget are:

  • National Insurance for self-employed rises from 9% to 10% in April 2018 and 11% in April 2019
  • Personal tax-free allowance rises to £11,500 this year and to £12,500 by 2020
  • £435m for companies hit by business rate rises
  • Clampdown on businesses which avoid tax
  • Borrowing predicted to be £100bn more by 2020 than was forecast in March 2016
  • Packet of 20 cigarettes costs 35p more
  • Pint of beer rises 2p, cider 1p, 36p on bottle of whiskey
  • 1,000 new PhD places in science, technology, engineering and maths.
  • 110 new free schools and grammar schools
  • New T-Levels for technical subjects £100m for more GPs in accident and emergency wards next winter
  • £2bn extra for social care over next three years.
  • 24p on a litre of sugary soft drinks
  • £200m for local broadband networks
  • £5m to celebrate 100 years since women got the vote

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