1. ITV Report

What does the Autumn Statement mean for you?

Working people and pensioners

State pension to rise by £2.95 a week from next April.

Pensioners will be offered the opportunity to make voluntary national insurance contributions to boost retirement income.

The new principle that people should spend one third of adult life in retirement implies increase in state pension age to 68 in mid-2030s and 69 in late 2040s.

State pension to rise by £2.95 a week from next April. Credit: Press Association

Job seekers

Jobseekers aged 18 to 21 without basic maths or English will be required to undertake training in these skills or lose benefits.

Job seekers aged 18 to 21 will be required to start a traineeship, work experience or community work after six months or lose their benefits.

HM Revenue and Customs will fund employers directly for apprenticeships with an extra 20,000 higher apprenticeships over next two years.

Jobseekers aged 18 to 21 without basic maths or English will be required to undertake training in these skills or lose benefits. Credit: Press Association

Students

An additional 30,000 student places will be offered next year, with the cap on student numbers abolished in 2015.

Business owners

Export finance capacity for UK businesses will be doubled to £50 billion to help firms break into emerging markets.

The small business rate relief scheme will be extended for one year from April 2014. Inflation increase in business rates will be capped at 2% from April 2014.

Export finance capacity for UK businesses will be doubled to £50 billion to help firms break into emerging markets. Credit: Press Association

New reoccupation relief will encourage the use of vacant town centre shops, halving rates for new occupants. There will be a discount on business rates worth £1,000 to every retail premises in England with rateable value up to £50,000.

Commuters

The fuel duty rise for next year has been cancelled.Plans to increase train fares by 1% above inflation has been cancelled.

Free school meals are to be offered to more schools in the UK. Credit: Press Association

Parents

Financial resources will be provided to fund expansion of free school meals to all school children in reception, year one and year two.

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