Autumn Statement 2016

Autumn Statement 2016

24 November 2016

Philip Hammond - "prepare our economy to be resilient as we exit the EU".

With growth expected to slow to 1.4% in 2017, there was a focus on investment in infrastructure and innovation with money allocated to R&D, homebuilding and transport.  Read our Summary for a more in-depth look at the key points:

  • Corporation Tax - to reduce to 17% by 2020
  • Personal Allowance - to rise to £11,500 in April 2017
  • Fuel Duty frozen for another year
  • National Living Wage to increase to £7.50/hour in April 2017
  • £1 billion investment in Full Fibre Broadband & 5G
  • Increased funding for housing, transport & R&D

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