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  1. National

Hammond announces measures for workers

Chancellor Philip Hammond has announced measures for lower-income and self-employed workers in his first Autumn Statement.

He said that the minimum wage will rise by 30p an hour that the Government will raise the income tax free personal allowance to £12,500 by the 2020 at the latest.

£7.50
minimum wage as of April 2017 - rising from £7.20
£11,500
Income tax free personal allowance as of April 2017 - rising from £11,000

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Chancellor: MoJ to hire 2,500 additional prison officers

The Ministry of Justice has been given permission to employ a further 2,500 prison officers "to tackle urgent prison safety issues," Philip Hammond has announced in his first Autumn Statement.

Chancellor "recommits" to Swansea and north Wales deals

Chancellor Phillip Hammond has said that he is "recommitting" to the support for Swansea and north Wales city deals announced by his predecessor, George Osborne. The aim is to encourage fresh business investment in the chosen areas.

A very positive outcome, to have the Chancellor’s public confirmation on commitment for a North Wales Growth Deal.

With the extra £400m announced by the Chancellor for Wales, we hope to see a fair proportion of that, supporting the economy of North Wales, for example on key investments as outlined in the Growth Vision for North Wales, especially on infrastructure and the Growth Track 360 rail investment campaign.

– Ashley Rogers, North Wales Business Council

Wales gets £400 million from infrastructure plans

Chancellor Phillip Hammond is delivering his autumn statement to MPs Credit: Parliament TV

Chancellor Phillip Hammond says Wales will get £400 million as a consequence of the spending on roads and other infrastructure that he's announced for England.

The Chancellor said high value infrastructure investment will improve Britain's productivity and so he could justify the "short term borrowing" to pay for it.

  1. National

Borrowing to fall but surplus to remain beyond 2020

Chancellor Philip Hammond announced new borrowing figures.

Chancellor Philip Hammond has announced rising Government borrowing figures as he confirmed it no longer plans to deliver a surplus in public finances by 2020.

He said Government borrowing will fall from £68.2bn this year to £21.9bn in 2019-20, followed by £20.7bn and £17.2bn in 2021-22.

ITV Economics Editor Noreena Hertz tweeted:

The new figures show a widening gap between the planned forecasts delivered by his predecessor George Osborne back in March.

£55.5bn
March forecast of Government borrowing in 2016.
£68.2bn
New forecast of Government borrowing in 2016.
£38.8bn
March forecast of Government borrowing in 2017.
£59bn
New forecast of Government borrowing in 2017.

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Chancellor prepares for 'new chapter' in Britain's history

Chancellor Philip Hammond has left Downing Street to deliver his first Autumn Statement.

Chancellor Philip Hammond has said his first Autumn Statement "is focused on preparing and supporting the economy as we begin writing a new chapter in our country's history".

He sent out a tweet shortly before leaving 11 Downing Street to head to the House of Commons.

Mr Hammond will deliver the Statement after Prime Minister's Questions.

  • Watch the Autumn Statement live on our Facebook page from 12.30pm.
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