Spring Budget 2017
HC 1025, Session 2016-17
- HM Treasury
- TSO (The Stationery Office)
The report 'Spring Budget (HC 1025)' looks to put economic stability first as the UK commences the formal processes of exiting the European Union, setting out further progress in restoring the public finances to build upon the Industrial Strategy, and tackling the UK's productivity challenge.
This Budget announces:
increases to the main rate of class 4 National Insurance Contributions from 9% to 10% in April 2018 and to 11% in April 2019; and
a reduction to the dividend allowance from £5,000 to £2,000 from April 2018.
Other key points include:
personal allowance will rise to £11,500 in April 2017;
polices will be set up to create sector specific routes to employment;
maintenance loans for students will be funded, pursuing technical education at higher levels;
there will be an expansion to the free schools programme;
over £23 billion of additional high value investment will be committed to the National Productivity Investment Fund (NPID);
tax-free childcare for working families with children under 12 will be rolled out and from September 2017, the free childcare offer will double to 30 hours per week for working families with 3 and 4 year olds in England;
the government will provide £2 billion of additional funding for social care to councils in England; and
a further £425 million will be avilable to improve local NHS services.
|Format||Paperback||Published||08 Mar 2017|
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