292018Oct

Budget 2018

Today the Chancellor delivered a Budget that is fair and will help you – here are some of the key announcements (I will elaborate more over the coming days):

💷 Cutting Income tax by raising the personal tax free allowance – saving the average basic rate payer £1,205 a year

💷 National Living Wage to rise from £7.83 to £8.21

💻 Digital Services Tax to raise £400m

🛒 High streets to receive £675m in co-funding

🏥 £20.5bn real terms increase for the NHS

📚 On average an EXTRA £10,000 per primary school and £50,000 per secondary school

🚧 £420m will be made available to tackle potholes, bridge repairs, and other minor works in this financial year

🇬🇧 An extra £1 billion to support our defences and armed forces

🏥 A new mental health crisis service with comprehensive mental health support available in every major A&E and children and young peoples’ crisis teams in every part of the country

🏫 An £650m of grant funding for English councils for 2019-20 and an additional £45m for the disabled facilities grant in England in 2018-19

🚦£25.5bn for Highways England for major road upgrades between 2020 and 2025 – the first time the tax has been “ring-fenced” for use on the roads

⛽️ Another freeze in fuel duty (9th year in a row)

🍺 Backing our pubs by freezing beer, cider and spirits duty