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BUDGET: Stamp duty abolished for first time buyers up to £300k

Office Computer Business

(Updated 10:10am 23rd November 2017)


7:30am 22nd November 2017

Chancellor Philip Hammond will deliver his Autumn Budget to the House of Commons this lunchtime.

So what can we expect?

  • The Chancellor is expected to inject hundreds of millions of pounds into the NHS.

    Philip Hammond says he'll attempt to get Britain "fit for the future."
  • There's good news for schools and 6th Forms in Dorset, who will get £600 for every student taking A-Level maths.
  • The Chancellor is also expected to respond to pressure to boost industrial productivity and ease the housing crisis.

Ian Girling, chief executive of Dorset Chamber of Commerce and Industry (DCCI), said: “This is a pivotal Budget as Brexit negotiations begin to weigh heavy on the Government and we see growth in the economy slow.

“Businesses in Dorset have remained resilient throughout recent uncertainty and will want to see measures to inspire confidence for what is likely to be a critical year for the UK.

“Scrapping the proposed hike in business rates would be a long overdue first step which would also help firms to invest, recruit, address skills shortages and grow. Measures to improve access to finance and reduce the tax burden are always welcome too.

“The Government can also do more to boost transport and digital links and infrastructure although we are more likely to see shake-ups of stamp duty and the property market in some form.

“Ultimately, backing business means backing Britain. The Chancellor must make sure our businesses, and the economy, can face Brexit from a position of strength whatever shape it eventually takes.”

 

 

1:38pm
1:38pm

Stamp duty abolished for first-time buyers up to £300,000.

1:35pm

West Dorset MP Sir Oliver Letwin is to review  why a lot of land with planning permission hasn't been built on #Budget2017

1:33pm

Only 38% of 25-34-year-olds have their own home now.

£44bn of funding's pledged to achieve 300,00 new homes each year.

1:24pm

Some help has been announced for business rates, including smaller pubs.

1:23pm
1:18pm

Our NHS will receive a further £7.5bn over the next two years.

1:15pm

There'll be no increase in duty on beer, wine & spirits and fuel.

1:12pm

The National Living Wage is to increase to £7.83 per hour.

And plans are announced to speed up payment of Universal Credit.

1:01pm

Hammond says extra money will be made available for teaching of Maths and Computer Science.

1:00pm
1:00pm

Car tax for most diesel cars is set to rise next year #Budget2017.

12:53pm

UK debt is forecast to drop steadily until 2022/23.

12:52pm
12:49pm

The forecast for economic growth has been forecast downwards until 2020.

12:45pm

The Prime Minister has handed the Chancellor a packet of cough sweets in case his voice goes!

12:43pm

Philip Hammond says £700m has already been spent on Brexit preparations, with £3bn more set aside #Budget2017



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