Brexit threat to Britain's latest budget

Brexit threat to Britain's latest budget

Brexit threat to Britain's latest budget

Whatever your views on tax and public services though, it's hard to argue against the view that people have the right to see what the government is taking from their earnings in the clearest and most honest way possible.

The Birkenhead MP said: "The whole of the Budget deficit has been put on families and particularity families with children".

And despite the Budget's boost for the health service in England of £20.5 billion higher spending by 2023-24, Mr Johnson said austerity had "not yet" come to an end, because of the continued squeeze on other areas.

The Income Tax threshold will rise from £11,850 to £12,500 from April 2019, while the threshold at which you people pay a higher rate of income tax will rise from £46,350 to £50,000.

Mr Hammond said it would be "carefully designed" so it isn't small tech start-ups that "shoulder the burden" of the tax.

The Chancellor denied he had "abandoned fiscal rectitude" but claimed a good Brexit deal could trigger more tax cuts and further boosts to public spending. The Treasury calculated the cumulative effect of increases in tax thresholds since 2010 at £1,200 for basic rate payers and £1,800 for those paying the higher rate.

Credit agency Moody's, which stripped Britain of its AAA rating in 2013, said the new budget plan did not change its view that public debt would remain high for a long time, a reminder of the constraints facing Hammond.

As the United Kingdom continues negotiations with the EU, Mr Hammond revealed he has increased the amount allocated for Brexit preparations to £2 billion for 2019/20.

The Ministry of Defence will receive an extra £1 billion to help protect the United Kingdom against changing threats such as the rise in cyber-attacks and the resurgence of state-based threats.

But he said agreement with Brussels would result in a "deal dividend" for the economy.

"Suppose the public finance forecasts deteriorate significantly next year?"

And by his arbitrary action to raise duties on wines but not on beer or spirits he has again demonstrated that alcohol is an easy target for a chancellor looking to raise revenue.

But Theresa May's official spokesman said that the Chancellor was indicating that he was ready to use his "fiscal firepower" to shore up the economy if the United Kingdom withdraws without a deal.

He also promised extra funding for health and social care - confirming extra cash for mental health services and £650 million for English councils struggling to cope with rising care bills. The one-off capital payment would average £10,000 per primary school and £50,000 per secondary school, he said.

Mrs Batters continued: "We are pleased to see that there is a significant £200m investment in piloting new solutions to deploy full fibre internet in rural locations".

A total of £420 million has been made immediately available to local highway authorities to spend on tackling potholes, bridge repairs and other minor works in this financial year.

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