Autumn Statement: Key points

December 5, 2013
By

Key points in Chancellor George Osborne’s Autumn Statement:

  • Next year's fuel duty rise will be cancelled
  • Big expansion of start-up loans which will help create 50,000 new businesses
  • Film tax relief will be extended
  • Investment in social enterprises will be encouraged
  • Office of Budget Responsibility says 3.1m more jobs will be created by business until 2019 – far more than the 1m or so lost in the public sector.
  • Businesses have already created three jobs for every one lost in the public sector.
  • He described the Government’s policies as “an economic plan that is working”.
  • “(This is) a Government seeking a job-rich recovery for all.”
  • Autumn Statement will be fiscally neutral
  • Cap on welfare spending to be introduced next year but State pension to be excluded
  • Government will "fix roof while sun is shining"
  • Confirmation that State pension age will increase to 69 "in late 2040s"
  • Bank of England to get more power to deal with asset bubbles
  • Plan to put train fares up by 1% above inflation cancelled.  Fares will rise by inflation only

Chancellor has now finished his Autumn Statement after 50 minutes on his feet.

Comments are closed.

ADVERTISE HERE

Reach tens of thousands of senior business people across Swindon & Wiltshire for just £70 a month. Email info@swindon-business.net for more information.