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Spring Budget 2017 Highlights

Find here, some quick highlights of the Spring Budget 2017. The Chancellor Philip Hammond announced his first budget on 8th March 2017 with an aim to build stronger, fairer and global Britain. He declared various strategies for diverse sectors like Health & Social Care, Education, Transportation, Mobile & Internet, and Insurance, etc. He suggested many reforms like rise in personal tax-free allowance, increases in minimum wages of people over 25 years of age, fully fledged broadband networks, reduction in urban congestion, empowering the NHS for sustainability and more. While the reforms ensure a stronger economic growth for the Britain, there are areas in which you would face solid price crunch. UK's #1 money-saving website https://freepricecompare can assist you in cutting down the household costs.

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Spring Budget 2017 Highlights

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  1. Spring Budget 2017 Highlights

  2. A further 650,000 people expected to get employment by 2021

  3. Personal tax-free allowance to rise as planned to £11,500 this year and to £12,500 by 2020 12,500 12,600 12,400 12,200 12,000 11,800 11,500 11,600 11,400 11,200 11,000 2017 2020

  4. Official forecasts estimate that the cost of living will rise at 2% or above for the next three years

  5. The minimum wage for over 25s would rise to £7.50 an hour

  6. Health and Social Care 1 2 3 £100m to place more GPs in £325m for the NHS 24p per litre extra tax on accident and emergency sustainability and most sugary soft-drinks to departments for the next winter. transformation. reduce childhood obesity.

  7. Education 2 1 3 £325m for 110 new free £300m for 1000 new PHD £216m for upgrading schools and grammar places & fellowships in STEM existing schools. schools. (Sci, Tech, Engg, Maths).

  8. Transportation 1 2 3 £270m for new technologies Transport spending of £90m £690m competition fund such as robots and for the north of England for English councils to driverless vehicles. tackle urban congestion.

  9. Mobile & Internet 1 2 £16m for 5G mobile £200m for reliable full-fiber technology. broadband networks.

  10. Insurance 1 Rate for Class4 NICs (National Insurance Contribution) would rise from 9% to 10% in April 2018, and to 11% in 2019 for those making a profit of more than £8,060.

  11. Alcohol & Tobacco 1 2 Tobacco will rise by 2% above the Retail The duty rates on beer, cider, wine and spirits will Price Index (RPI) inflation. A packet of 20 increase by RPI inflation. This will equate to 2p cigarettes will cost 35p more. on a pint of beer, 1p on a pint of cider, 36p on a bottle of whiskey & 32p on a gin bottle.

  12. For Your Support @free.price.compare/ Visit: FreePriceCompare.com FreePriceCompare.com @freepricecompa Info Source: www.gov.uk

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