Housing

  • Stamp duty to be abolished for first time buyers buying a home worth up to 300,000 from today

  • No stamp duty to pay on the first 300,000 for first time buyers buying a home worth up to 500,000

  • Councils to be given freedom to charge a 100% council tax premium on unoccupied homes

  • 300,000 new homes to be built each year on average in England by the mid 2020s

Tax

  • The Personal Allowance, how much you can earn before paying income tax, will rise to 11,850 in April

  • The higher rate tax threshold will go up to 46,350 from 45,000 in April 2018

Travel

  • The existing 18-25 railcard will be expanded to cover passengers up to 30 years old

  • Cancelled fuel duty rise due in April 2018 for petrol and diesel cars

  • Vehicle excise duty on new diesel cars will go up by one band in April 2018 - van drivers will be exempt

  • An extra 400m will be invested in electric vehicle charging infrastructure across the UK

  • Short haul Air Passenger Duty and long haul economy rates will continue to be frozen

Wages

  • The National Living wage will go up to 7.83 from 7.50 an hour in April 2018

Benefits

  • Remove the seven day waiting period at the start of claiming Universal credit

  • New claimants can get their first month payment within five days of applying

  • Benefit advances will be repaid over 12 months, rather than 6

Tobacco and alcohol

  • Tobacco duty to rise by 2% above inflation as planned, with an extra 1% duty on hand rolled tobacco

  • Duty on wine, beer, spirits and most types of cider to be frozen