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Budget 2017: Updates and analysis

The Chancellor has announced £2 billion will be spent on social care in England over the next three years in his first ever Budget.

Philip Hammond said an extra £100 million would be allocated for GPs to work in A&E departments to help cut waiting times as he delcared the Tories the "party of the NHS".

But he was accused of breaking a key Tory manifesto pledge when he announced National Insurance contributions for the self-employed were to rise.

Labour's Jeremy Corbyn said the Chancellor had produced a "Budget of utter complacency" which ignored the state of the economy, public services and the lives of millions of people.

Other key points from the Budget included:

  • Most pubs are to be given a £1,000 discount on business rates as part of a £435 million package aimed to ease the burden on small businesses
  • National Insurance contributions paid by self-employed to increase by 1% to 10% in 2018 and 11% by 2019
  • A clampdown worth £820 million on tax avoidance, including action to stop businesses converting capital losses into trading losses
  • Councils to be given a £300 million "discretionary relief" fund to give to hard-pressed firms in their areas
  • £5 million "returnship" fund to enable people to go back to work after a career break
  • Free childcare for three and four-year-olds doubled to 30 hours a week
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Helping young and reducing deficit main Budget themes

Credit: PA

Chancellor Philip Hammond has revealed to ministers the main themes of Wednesday's Spring Budget.

The Budget is intended to help young people get the skills they need to perform high-skilled and high-paid jobs in future, and give more children the opportunity to go to a good or outstanding school.

Another key theme is to bring down the deficit so the country can "get back to living within its means".

Mr Hammond said the UK economy had continued to show evidence of "fundamental robustness and resilience", but warned further austerity measures are on the cards with deficit and debt "too high".

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