Spring budget 2017: New London devolution deal announced
- 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.
You may also want to watch:
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”.
- 1 "Outcry" over fortnightly rubbish collection in Stamford Hill
- 2 Campaigners to protest at GP surgeries as outrage grows over US takeover
- 3 Three men who went on stabbing spree in Hackney convicted of murder
- 4 "Predator" jailed after sexually assaulting sleeping woman on Hackney bus
- 5 Three men charged following Hackney shooting
- 6 Hackney police commander calls on community to "play its part" in crime prevention
- 7 Newington Green's Meeting House to stream concert series for Mary Wollstonecraft's 262nd Birthday
- 8 Hackney restaurant exhibits local artists with new art space
- 9 Reopening week saw “record-breaking” days at pubs in Hoxton
- 10 Calls for black women's voices to also be heard in light of Sarah Everard death
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 firstname.lastname@example.org