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 £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 £40billion credit easing scheme to help small firms;
A £5billion cash boost for over 500 infrastructure projects – including roads, railways, airports and broadband expansion. A further £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 £2.5billion;
An extra £1.2bn will be spend on education - including £600m for authorities that need new school places;
Rail fares capped at 1 per cent above inflation next year;
A £1billion fund to help the young unemployed;
Mortgage indemnity scheme to help 100,000 people get onto the property ladder;
£500m housebuilding plan in England;
January rise in regulated rail fares to be capped at 6.2%, not 8.2%;
A £250million scheme to ease the impact of climate change taxes on energy intensive firms;
£380m to double free nursery places for toddlers
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