PHILLIP HAMMOND'S AUTUMN STATEMENT 2016 NEWS AND INFORMATION

'This edict was put into place to eliminate cleavage': Professional golfer who was 'slut-shamed' by the LPGA hits back at the decision to bring in stricter dress code rules which bans plunging necklines and shorter skirts 

24/07/17 10:47

21/12/16 10:51

Ministers spent £12.6billion more than they received in taxes and other income last month - but economists were pencilling in a figure of £11.6 billion.

07/12/16 15:11

Currently, employees do not have to pay income tax or national insurance if their redundancy pay is under £30,000.

28/11/16 17:04

The Flat Rate Scheme for VAT, designed to cut bills and red tape for small firms, is being overhauled in a measure the Chancellor said would stem abuse of the scheme.

28/11/16 01:36

Former health secretary Stephen Dorrell, who is now chairman of the NHS Confederation, said Philip Hammond (shown) had made a ‘mistake’ by failing to find extra funds in last week’s autumn statement.

27/11/16 12:34

The Chancellor of the Exchequer’s first – and last – Autumn Statement was very much focused on measures to keep the economy out of recession.

27/11/16 02:26

It was not the kind of Autumn Statement we had come to expect under George Osborne – all fire and brimstone – but Philip Hammond’s debut was not without its nasty side.

25/11/16 00:46

Five million higher earners will be hit by a £200 'stealth tax on Middle England' because of changes to National Insurance Contributions buried in Treasury documents.

24/11/16 19:46

The Chancellor said the government was treating the estimates from the Office for Budget Responsibility (OBR) as a 'signal' of what might happen.

24/11/16 15:18

John McDonnell insisted today that Labour MPs were listening to his response to the Autumn Statement yesterday despite most of them being seen busy on their mobile phones.

24/11/16 10:18

The OBR forecast a £122billion rise in UK debt, with £58.7billion blamed on Brexit. That came as it said the UK would not fall into a recession, but growth would be lower.

24/11/16 08:51

Philip Hammond told MPs he would be compiling a major report into the impact that state spending on pensioners has on the health and social care of an ageing population.

24/11/16 08:50

A row has erupted in response to the tenant fee ban, with some landlord and agents reacting with fury to what they say are ‘unworkable’ plans that would have a ‘boomerang’ effect.

24/11/16 08:48

Hammond has backed recent HMRC proposals for a crackdown on using the loophole for smartphone and gym contracts, buying cars and TVs, or private medical insurance.

24/11/16 08:12

Philip Hammond said Britain’s ‘productivity gap’ was ‘well known, but shocking nonetheless’. He told the House of Commons that the UK ‘lags behind’ the US and Germany by 30 per cent.

24/11/16 07:32

As Hammond speeches go, the Autumn Statement was short and reasonably un-glum. He kept it to 45 minutes. By his own morose standards he was almost skittishly optimistic in places.

24/11/16 04:15

George Osborne, to his credit, was sitting on the backbenches yesterday to listen to his successor Philip Hammond deliver his first financial statement as Chancellor, says PETER OBORNE.

24/11/16 03:18

Philip Hammond said UK output would grow faster than in most EU countries, creating half a million jobs. He vowed to spend billions to boost productivity, build homes and improve transport.

24/11/16 03:13

Social care for older people is the responsibility of local councils across Britain, and its leaders say that savage cuts have already had to be made due to lower funding from Whitehall.

24/11/16 03:11

The new Chancellor Philip Hammond forecasts that Britain’s economy will continue to grow and create new jobs in every year to the end of this Parliament, says ALEX BRUMMER.

24/11/16 03:02

Until yesterday, Chancellor Philip Hammond was among the most dismal of doom-mongers. But as he delivered his Autumn Statement, he seemed transformed.

24/11/16 02:55

Few can defend the way that letting agents hit tenants with rip-off administrative fees. These firms cash in every time someone rents a new home, writes DAN HYDE.

24/11/16 02:55

While the OBR's chairman Robert Chote admitted there is a 50 per cent chance that the forecast is 'too gloomy', he is standing by his forecast saying predictions were made based on existing trends.

24/11/16 02:09

Philip Hammond fulfilled his promise to be an un-showy chancellor today as his biggest 'rabbit' turned out to be a joke about his own abolition.

24/11/16 02:00

The announcement does mean there will be two full Budgets next year, in the spring and the autumn, as the new schedule rolls out.

24/11/16 01:48

Tom Birch, 43, from Bath, earns £100,000 a year in his financial services job and receives extra life insurance, dental cover, and critical illness cover through a salary sacrifice scheme.

24/11/16 00:33

MPs have voiced deep scepticism after the Office for Budget Responsibility delivered a series of dire forecasts about the impact of Brexit.

24/11/16 00:12

Delivering his first fiscal package since the historic EU referendum vote, the Chancellor insisted the government understands the fury of those who have not shared in the wealth generated by the economy.

23/11/16 23:19

The Chancellor has revealed an amended 'taper rate' for the welfare payments, which will allow low-paid workers to keep an additional 2p of every extra pound they earn.

23/11/16 23:18

The new 'full-fibre' networks will have the capacity to reach speeds of more than 1Gbps, which it is claimed could allow users to download an entire Game Of Thrones series in less than a minute.

23/11/16 23:17

Philip Hammond announced a further freeze until April 2018, which will keep fuel duty at 57.95p per litre, the level it has been at four more than five years.

23/11/16 23:12

In its five-year forecast the Office for Budget Responsibility predicts net migration will only fall slightly as the UK adopts a tighter migration regime. Net migration is currently 327,000 a year.

23/11/16 22:24

The Chancellor reaffirmed the Conservative manifesto commitments to lift the personal allowance to £12,500 and the 40p tax threshold to £50,000 by accelerating progress to meeting the goals.

23/11/16 22:24

As John McDonnell stood up for his big moment to respond to the Chancellor's spending plans, Labour's MPs were much more interested in their mobile phones than his rambling speech.

23/11/16 22:20

The analysis, reaction and charts from the experts and our own journalists from throughout the day.

23/11/16 17:55

Philip Hammond's first mini-Budget provided some cheer with increases to tax allowances, the National Living Wage, and a new savings bond.

23/11/16 17:45

The FTSE 100 closed down 2.01 points at 6817.71 as traders digested the implications of the Autumn Statement for businesses and the economy.

23/11/16 17:27

Philip Hammond presented massively raised forecasts for government borrowing to the tune of an extra £122billion over the next five years.

23/11/16 15:50

Insurers have slammed the rise which has pushed the tax up to almost double what it was in 2015 and they predict it will lead to an increase in the number of uninsured drivers on the road.

23/11/16 12:43

Aimed at helping people who are 'just about managing', the move will stop letting agents from imposing charges averaging around £340 each.

23/11/16 07:13

Defying Brexit doomsayers, the deficit came in at £4.3billion in October - below the £6billion expected. The figures emerged on the eve of Philip Hammond's Autumn Statement.

23/11/16 07:13

Things appear to be changing for the better for the economy - and just in the nick of the time for the Chancellor as he prepares to give his first major report later today.

22/11/16 02:07

The Chancellor will use tomorrow’s Autumn Statement to pledge that two million homes in bigger towns and cities will get access to gold standard ‘full-fibre’ broadband, which can download TV shows.

22/11/16 02:01

The National Audit Office (NAO) warns today that the health service’s ‘endemic’ financial problems have left it so short of cash that it is having to raid building projects to pay for day-to-day services.

21/11/16 21:49

Ahead of the Autumn Statement a study has warned that planned welfare curbs and rising inflation are set to deal a major blow to the 'just about managing' group - or 'JAMs'.

18/11/16 10:34

Theresa May has told Chancellor Philip Hammond to make middle and low-income families a priority in next week’s Autumn Statement.

18/11/16 09:49

Theresa May has told Chancellor Philip Hammond to make middle and low-income families in the UK a priority in next week’s Autumn Statement.

11/01/16 09:50

In his Autumn Statement and Spending Review, Mr Osborne claimed he is tackling the 'crisis in home ownership' head-on with the 'biggest housebuilding programme since the 1970s.'

29/11/15 11:59

He has repeatedly slashed domestic spending, but the Chancellor remains committed to funnelling 0.7 per cent of Britain's GDP into an array of dubious overseas aid projects.

27/11/15 09:00

Part-time students have been handed some good news in today's Autumn Statement with access to maintenance loans to help with living costs during their studies from 2017/18.

26/11/15 13:11

George Osborne hit the buy-to-let dream with a big stamp duty hike yesterday, but landlords still have a tax trick they can pull to claim it back.

26/11/15 10:42

Chancellor George Osborne landed buy-to-let and second homes a huge shock by announcing a stamp duty surcharge on property purchases from April.

26/11/15 08:17

HMP Holloway in north London, which has been home to some of Britain's most infamous killers, will be sold off as part of a £1.3billion government overhaul of the UK prison service

26/11/15 06:57

Draconian rises signalled by the Chancellor will see the average bill for a Band D household rise up to £320 by 2020/21. George Osborne urged town halls to impose increase to fund social care shortfalls.

26/11/15 01:44

The climbdown means George Osborne (pictured) will breach his self-imposed welfare cap for the next three years, meaning a minister must explain and apologise to Parliament.

26/11/15 01:23

George Osborne showed himself a master of his political trade in yesterday's Autumn Statement - but seems to have abandoned his early enthusiasm for slimming down the size of the state.

25/11/15 20:42

The Autumn Statement contained some good news for entrepreneurs as George Osborne pledged to carry on exempting micro companies from paying business rates.

25/11/15 20:28

To raise £18billion in spending cuts over the five years, George Osborne slashed departments by up to 37 per cent but the NHS, defence and international development are the big winners.

25/11/15 20:06

The Prime Minister took a few seconds out from the 65-minute brief to subtly unravel the treat and pop it into his mouth like a mischievous schoolboy.

25/11/15 20:00

Public funding - known as Short Money - given to opposition parties to prepare to become an alternative government is to be slashed by 19 per cent, in line with Whitehall departments.

25/11/15 19:19

The NHS, defence, foreign aid and housing are set to be the big winners, but the police, transport, justice and the environment will bear the brunt, with families braced for big hikes in council tax bills.

25/11/15 18:50

George Osborne says household energy bills will fall by an average of £30 by 2017 as a result of reducing green levies, as outlined in his Autumn Statement this afternoon.

25/11/15 18:29

We bring you the latest the analysis, reaction and charts from the experts and our own journalists from throughout the day.

25/11/15 16:54

UK Sport has been handed a shock 29 per cent increase in funding, handing a boost to British athletes preparing for the 2016 Olympics in Rio de Janeiro and Tokyo four years later.

25/11/15 16:53

Anyone with a household income of less than £80,000 in England will soon be able to buy a home through shared ownership, which has long been restricted to key workers.

25/11/15 16:35

Chancellor George Osborne has confirmed the basic state pension will rise by £3.35 to £119.30 a week from April, while the starting rate for the new single-tier version will be £155.65.

25/11/15 16:00

Changes sparked a backlash as they were forecast by the Insitute of Fiscal Studies to take £1,000 a year off 3 million families. They have now been halted altogether.

25/11/15 13:27

Today George Osborne will reveal details of his Autumn Statement. We round-up what to expect, including his tax credit headache and the predicted pension changes.

24/11/15 17:57

Alzheimer's campaigners have welcomed Government plans for a new £150 million dementia research institute. The new Institute - expected to be announced in We...

24/11/15 17:57

Border systems will be upgraded to better target weapons being smuggled into the country while a joint operation centre will see police, intelligence agencies and the military to work more closely.

24/11/15 13:29

Chancellor George Osborne will use tomorrow’s spending review to announce that the Health Service will receive an extra £6billion straight away – rising to £10billion a year by 2020.

24/11/15 13:22

The Chancellor has pledged to eliminate the record deficit racked up by Labour during the financial crisis and return the country to the black by the end of the decade.

24/11/15 13:21

The Chancellor is due to deliver his Autumn Statement on Wednesday, and MPs have called for it to include new incentives to encourage drivers to do away with high polluting diesels.

24/11/15 13:20

Three major changes to pension saving are on the horizon, which will hit those helping to build a healthy fund for retirement. Now, the Chancellor faces calls to reverse a planned tax grab

24/11/15 13:19

IPSE, a body that represents the self-employed, believes the Chancellor could limit contracts to just a month for freelancers, after which they would be forced on to the client’s payroll.

24/11/15 13:18

Profits made from the sale of assets such as property or shares, which are called capital gains, rose to £32.1billion last year, up from £23.5billion in 2012-13, marking their highest level on record.

06/12/14 22:02

Geoff Parkes, teaching fellow at Aston Business School in Birmingham, said: ‘Thus far, the scheme has accounted for less than two per cent of all lending to small firms.’

06/12/14 09:26

As analysts digested the detail of the Chancellor’s ‘mini-Budget’ the ramifications of reforms to stamp duty, business rates and the North Sea tax regime became clearer…

05/12/14 21:59

The big omissions from a Budget or an Autumn Statement are always revealing. It used to be help for savers. This week the missing element was the squeezed middle. Not households, but firms.

05/12/14 15:47

Whether you are earning the minimum wage or raking in millions, the amount of tax that disappears from your earnings is likely to change to some extent.

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