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Tax credits, pensions, flooding: How the Autumn Statement affects you

George Osborne announced a climb-down on plans to cut tax credits.

What were the details of the Chancellor's spending review and Autumn statement? There were large cuts to Government departments, with estimates suggesting up to 80,000 public sector jobs will be lost.

But the Chancellor also announced a climb-down on plans to cut tax credits - and widely anticipated cuts to police didn't emerge either.

What he did outline in Westminster today will affect us in the West in years to come. His first big announcement on tax credit cuts provoked a sigh of relief from people on them.

Other details included:

Council tax could go up by

2%
to raise more for adult social care

The Department of Health will have to make savings, but is also getting funding to improve mental health services.

Credit: ITV West Country

Pensions are rising to

£119.30
per week

The Chancellor claimed this as the largest real-terms rise in pensions for half a century.

135,000
help-to-buy shared ownership properties will be built

Schools will see the ending of a controversial funding formula, which means schools in areas like Somerset, Swindon and South Gloucestershire should benefit. However schools in urban Bristol could lose out.

Credit: ITV West Country
£2bn
to protect
300,000
homes from flooding
£50
discount for South West Water customers
£5m
for redevelopment of Colston Hall in Bristol

Enterprise zones are also being expanded at Temple Quarter in Bristol and Somer Valley near Bath. However UNISON were among those criticising the Chancellor for not focusing more on our region - saying the South West was being treated like a "forgotten corner".

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