Autumn Statement Highlights
Philip Hammond delivered his first budget in difficult times.
Our growth forecast has been drastically reduced and the Governement no longer hopes to achieve a budget surplus by 2020.
This did not get a favourable response from the markets, but hopefully they will recover fully.
Income tax threshold to be raised to £11,500 in April 17, from £11,000
Higher rate income tax threshold to rise to £50,000 by the end of the Parliament
Tax savings on salary sacrifice and benefits in kind to be stopped, with exceptions for ultra-low emission cars, pensions, childcare and cycling
National Living Wage to rise from £7.20 to £7.50 per hour from April 17
Employee and employer National Insurance thresholds to be equalised at £157 per week from April 2017
A lot more to read and it is well explained on this website