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Multi-million pound growth deal signed for Swindon

Nick Clegg signs multi-million pound contract in Swindon Credit: ITV West Country

The Deputy Prime Minister has been in Swindon to sign a contract that will bring up to one thousand five hundred jobs to the area.

The growth deal will mean more than £129 million investment in the region. It will see 2000 homes being built by 2021. The plan also include new transport schemes and a science park at Porton Down.

  1. National

Osborne announces stamp duty overhaul

Chancellor George Osborne has announced plans for a total overhaul of the "badly-designed" stamp duty system paid on the purchases of homes.

The reform will mean new marginal rates that the Chancellor says will mean a stamp duty cut for 98% of homebuyers.

  • No tax on first £125,000 paid
  • 2% on the portion up to £250,000
  • 5% up to £925,000
  • 10% up to £1.5 million
  • 12% on everything over that

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  1. National

Air Passenger Duty to be scrapped for all children

Air Passenger Duty will be scrapped for all children by 2016, Chancellor George Osborne has announced.

George Osborne hopes his announcement will reduce the cost of flights for families. Credit: PA Wire

"We’re going to require airlines to list the charges separately from taxes on tickets, but I also want to reduce the cost of those tickets for families directly.

"From the 1st May next year, Air Passenger Duty for children under 12 will be abolished. From the following year, we’ll get rid of APD for children under 16 altogether."

ITV News Consumer Editor Chris Choi tweeted: "Birmingham family with 2 young children welcomes cut in air passenger duty."

"They will save £170 on planned flight to Dubai."

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