Tax

Income tax

  • Personal tax free allowance to rise to 12,500 by 2020

National insurance

  • National Insurance for self-employed workers to increase to 10% in April 2018*

*This proposal was scrapped on 15th March 2017.

Corporation tax

  • Corporation Tax to fall from 20% to 17% by 2020

Dividend allowance

  • Tax free allowance to drop from 5,000 to 2,000 in April 2018

National living wage

  • National living wage to rise to 7.50 in April 2017

Mobile and broadband

  • 200 million investment in fibre broadband networks

  • 16 million for new 5G mobile technology hub

Fuel

  • Vehicle excise duty frozen for another year for hauliers and HGV

Sugar

  • Sugar tax confirmed at 18p and 24p per litre for main and higher brands

Tobacco

  • A new minimum excise duty for cigarettes based on a packet price of 7.35