Autumn Statement - bullet points

[Kwacky]

Fuel duty frozen

The government raise the personal allowance to £12,500, and the threshold for the higher tax rate to £50,000, by the end of this Parliament. The personal allowance - the amount people earn before they start paying income tax - will rise to £11,500 in April.

The National Living Wage will increase from £7.20 to £7.50 in April next year

Corporation tax will be reduced to 17% as planned.

The tax on insurance goes up to 12%.

funding for 40,000 new homes and announces a large-scale pilot to give the right to buy to housing association tenants.

"We will focus government infrastructure investment to unlock land for housing with a new £2.3bn Housing Infrastructure Fund to deliver infrastructure for up to 100,000 new homes in areas of high demand.

Debt will rise from 84.2% of GDP last year to 87.3% this year, peaking at 90.2% in 2017-18

[Cav]

Any mention on the deficit? The rest kinda sounds good for me

[Kwacky]

It's said to rise for a couple of years. I suspect the current government will wait to see if they're going to win the next election before they decide to act.

[duke63]

I still don't get the point in building more and more homes unless you make them affordable and available to first time buyers.

[D41]

Or first time immigrants???? Hehe.

There'll be a balance of homes, surely??....the former first-time-buyers move up to to something bigger & better, the newcomers buy what's left behind....is that what you're meaning??

[Kwacky]

The price of property now in the UK is staggering. You need to spend about £150k to £200k to get on the property ladder. There's stamp duty on properties over £250k so lots of people aren't moving house into something bigger. We've looked at it and it would cost us at least £100k to move up to the next sized house. It's not worth it.

[D41]

Hmmmm.... that actually doesn't sound too bad.....BUT....I remember the numbers are a bit eye-watering when you're in it for the first time and realise the commitment involved.

To put that in perspective....what are you paying getting for 200K in square feet of home, or lot size of property??

What would a 1000 square foot house cost??

[Kwacky]

A 2 bed terrace near me costs £185k

[D41]

That actually doesn't sound too bad to me, I mean....everything else is going up in comparison....wages, cost of living, etc...

I tend to think this stuff balances out rather evenly, all things considered.....but taken singly, seems disproportionately out of kilter.

[Monty]

A 2 bed terrace near me costs £185k

Move to Buxton, my 4 bed victorian town house only cost 190K. Plus your commute would be much much nicer, well apart from the 3 weeks of the year you'd be snowed in!

[Monty]

So it's looking like by the end of this parliament I'm going to be about 1.5k a year better off and a working poor family that's already struggling to buy food and heat their home will be about 1.2k worse off.

What a bunch of utter cnuts!

[Kwacky]

Don't tempt me. If my daughter wasn't so settled at her school I could be tempted to move out of Brum.

[Cav]

RE property prices..

In the last 4 years property prices near me have gone up so much a 2-bed mid terrace is worth as much now as a 3-bed semi detached with garage and large garden was.

First time buyer here and I'm not thrilled...