Budget 2017 - what's in it for the North East?

Chancellor Philip Hammond has set out a Budget to "prepare Britain for a brighter future".

Speaking in the Commons, Mr Hammond said the Spring Budget "provides a strong and stable platform" for Brexit negotiations, and "extends opportunity to all our young people".

*National Insurance contributions for the self employed are set to increase.

*A £435 million package will go towards helping businesses.

*The forecast for growth for the UK economy this year has gone up from 1.4% to 2%.

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Your reaction to the 2017 Budget

Chancellor Philip Hammond has set out a Budget to "prepare Britain for a brighter future".

Speaking in the Commons, Mr Hammond said the Spring Budget "provides a strong and stable platform" for Brexit negotiations, and "extends opportunity to all our young people".

These people in Stockton high street have been reacting to the news:

Some of the main Budget announcements include:

  • The forecast for growth for the UK economy this year has gone up from 1.4% to 2%.
  • National Insurance contributions for the self employed are set to increase.
  • Most pubs are to be given a £1,000 discount on business rates as part of the a £435 million package to help businesses.
  • An extra £2 billion will be spent on social care in England over the next three years, including £1 billion available in 2017/18.
  • £90 million pounds will be spent on transport for the North.
  • The tax free dividend allowance is to be reduced from £5,000 to £2,000 from April 2018.

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