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denphone · 29-11-2011, 15:32

http://www.guardian.co.uk/uk/blog/20...statement-live

Well these are the main bits to take out of the autumn statement today and pretty grim reading it is too but what are your opinions on it.

• 2011 growth forecast cut to 0.9%
• Pension age to rise to 67 by 2028
• Bank levy increased to 0.088%, raising Â£2.5bn
• OBR predicts 710,00 public sector job losses by 2017

A delay in a 3p rise in fuel duty to come into effect in January;

A new public pay cap at 1 per cent for two years;

A freeze in working tax credits;

A Â£40billion credit easing scheme to help small firms;

A Â£5billion cash boost for over 500 infrastructure projects – including roads, railways, airports and broadband expansion. A further Â£25billion could be spent in future years;

A trimming Britain’s foreign aid budget so that it does not overshoot its 0.7 per cent spending target by 2013;

An increase in the Bank levy to raise Â£2.5billion;

An extra Â£1.2bn will be spend on education - including Â£600m for authorities that need new school places;

Rail fares capped at 1 per cent above inflation next year;

A Â£1billion fund to help the young unemployed;

Mortgage indemnity scheme to help 100,000 people get onto the property ladder;

Â£500m housebuilding plan in England;

January rise in regulated rail fares to be capped at 6.2%, not 8.2%;

A Â£250million scheme to ease the impact of climate change taxes on energy intensive firms;

Â£380m to double free nursery places for toddlers

29-11-2011, 15:32	#1
denphone Still alive and fighting Join Date: Jun 2007 Location: In the land of beyond and beyond. Services: XL BB, 3 360 boxes , XL TV. Posts: 56,708	George Osborne's autumn statement 2011 http://www.guardian.co.uk/uk/blog/20...statement-live Well these are the main bits to take out of the autumn statement today and pretty grim reading it is too but what are your opinions on it. • 2011 growth forecast cut to 0.9% • Pension age to rise to 67 by 2028 • Bank levy increased to 0.088%, raising Â£2.5bn • OBR predicts 710,00 public sector job losses by 2017 A delay in a 3p rise in fuel duty to come into effect in January; A new public pay cap at 1 per cent for two years; A freeze in working tax credits; A Â£40billion credit easing scheme to help small firms; A Â£5billion cash boost for over 500 infrastructure projects – including roads, railways, airports and broadband expansion. A further Â£25billion could be spent in future years; A trimming Britain’s foreign aid budget so that it does not overshoot its 0.7 per cent spending target by 2013; An increase in the Bank levy to raise Â£2.5billion; An extra Â£1.2bn will be spend on education - including Â£600m for authorities that need new school places; Rail fares capped at 1 per cent above inflation next year; A Â£1billion fund to help the young unemployed; Mortgage indemnity scheme to help 100,000 people get onto the property ladder; Â£500m housebuilding plan in England; January rise in regulated rail fares to be capped at 6.2%, not 8.2%; A Â£250million scheme to ease the impact of climate change taxes on energy intensive firms; Â£380m to double free nursery places for toddlers __________________ “The only lesson you can learn from history is that it repeats itself”