Budget Live OVER – Philip Hammond – take a look at key issues

Budget LIVE OVER
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Budget LIVE OVER

Budget live OVER – Philip Hammond: Have to embrace change – Fit for the Future 

£1.5bn to help overall wait for Universal Credit reduced from six weeks to five.

Finishes by saying a country fit for the future

Abolishing Stamp Duty for all first-time buyers for properties up to £300,000 from today

£34m fund to develop construction skills across country

Pledge to build an extra 300,000 new homes per year by the mid 2020s

£44bn funding to support housing market over next five years

Extra £28m for three new housing pilot projects to tackle rough sleeping

Kensington and Chelsea Council gets extra £28m following Grenfell Tower fire

Income tax allowance increases to £11,850

Duty on Cider, Wine, Spirits and beer frozen

NHS gets and extra £10bn over the course of this parliament

NOT reducing VAT threshold of £85,000 for next two years

EXtending £1,000 discount for small pubs to March 2019

There’s great anticipation.  He is under pressure to come up with a Budget that could help stabilise the Government and the Conservative Party.  What will he come up with?

It could be a number of things.  More Housing.  Productivity.  Tax incentives. Discount rail travel for travellers up to the age of 30.

There’s Brexit turmoil going on which is casting a big shadow over politics. Will the Budget help ease the situation?

Not too many are hopeful. But there is bound to be some announcement that will please the public.

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