Autumn Statement 2016
Rural Rate Relief will increase to 100%
Fuel duty frozen for a seventh year
New three-year NS&I Investment Bond from spring 2017
National Living Wage rises to £7.50/hr
A ban on letting agents tenant fees
Cracking down on pensions scams
Over £102 million of LIBOR banking fines to support armed forces and emergency services charities
A new National Productivity Investment Fund to provide £23 billion of additional spending, ensuring the UK’s economy is fit for the future
£2.3 billion for a new Housing Infrastructure Fund
£390 million investment in future transport technology
A major new investment in transport infrastructure
£1 billion to invest in full-fibre broadband and trialling 5G networks
£2 billion more per year in research and development funding by 2020-21
Expanding the museums and galleries tax relief
Over £10 million to support culture and heritage projects across the UK
£400 million through the British Business Bank to invest in growing innovative firms
• Increased Minimum Wage of £6.95/hour for 21- to 24-year-olds. National Living Wage of £7.20/hr for 25+ to start in April 2016 as planned.
• New "Lifetime ISA" for under-40s. Government puts in £1 for every £4 saved up to £4,000 every year until 50 years of age. (£2,000 desposit per year from age 18 would see a total bonus of £16,000 at age 50).
• Class 2 National Insurance will be abolished, which will give a £130 million tax cut to three million self-employed people.
• Tax-free personal allowance increased to £11,500 in 2017, as well as to £12,500 by 2020.
• Fuel Duty frozen for another year.
• Small Business Rate Relief (SBRR) to be raised from £6,000 to £15,000, and the higher rate from £18,000 to £51,000, exempting 600,000 firms altogether to pay higher wages and employ apprentices.
• A new 'sugar tax' on sugary drinks companies which will put an extra £500 million straight into school sports education.
• Commercial stamp duty 0% rate on purchases up to £150,000, 2% on next £100,000 and 5% top rate above £250,000. New 2% rate for high-value leases with net present value above £5m. Effective from midnight on 17th March 2016.
• £115m to tackle rough sleeping and homelessness.
• £20 million fund for new community-led housing in the South West, funded from the 3% stamp duty levy on second homes - as campaigned for by Scott.
• £500 million to speed up implementation of National Funding Formula for schools, which Scott campaigned for to get fairer funding for rural schools.
• Compulsory maths lessons until 18 will also be considered to make sure children have more skills as they reach adulthood.
• Beer, cider, and spirits duties to be frozen.
• Excise duties on tobacco to rise by 2% above inflation.
• New £1000 tax free allowance for micro-entrepreneurs selling services or renting their home online.
• Capital Gains tax will be cut from 28% to 20%, and from 18% to 10% for basic-rate payers.
• New 'Help to Save' scheme for low-paid workers, worth up to £1,200 over four years in tax-free interest.
• Corporation Tax to fall to 17% by 2020, which will enable companies to pay the increased National Living Wage.
• New rail lines to get green light, including Crossrail 2 in London and the HS3 link between Manchester and Leeds.
• £700m for flood defences schemes, including projects in York, Leeds, Calder Valley, Carlisle and across Cumbria.
• Annual borrowing in 2015-6 forecast to be £72.2bn, £1.3bn lower than forecast in November.
• Public finances still projected to achieve a £10.4bn surplus in 2019-2020.