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.

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
11,500
12,500
11,000
11,200
11,400
11,600
11,800
12,000
12,200
12,400
12,600
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
£100m to place more GPs in
accident and emergency
departments for the next winter.
2
£325m for the NHS
sustainability and
transformation.
3
24p per litre extra tax on
most sugary soft-drinks to
reduce childhood obesity.

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

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

9. Mobile & Internet
1
£16m for 5G mobile
technology.
2
£200m for reliable full-
fiber 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
Tobacco will rise by 2% above the Retail
Price Index (RPI) inflation. A packet of
20 cigarettes will cost 35p more.
2
The duty rates on beer, cider, wine and spirits
will increase by RPI inflation. This will equate to
2p on a pint of beer, 1p on a pint of cider, 36p on
a bottle of whiskey & 32p on a gin bottle.

12. Info Source: www.gov.uk
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