The Autumn statement has shocked Britain’s population, with the scrapping of cuts to tax credits and an extra £600m being invested in mental health services.
- All cuts to tax credits are to be cancelled.
Rowena Mason, The Guardian’s political correspondent said: “Osborne has clearly surprised his MPs by totally abandoning his tax credit changes, which would have cost affected families up to £1,300 each and caused consternation on his own side as well as the opposition. It is a 100% U-turn since his aides were insisting up until recently that he was committed to the cuts in principle.
- Housing budget doubled to £2bn.
- No cuts to the police budget.
- Business rates to be kept by local authorities.
- £600m more for mental health services.
- Loans for new student nurses to create 10,000 training places.
- £15m raised from the “tampon tax” will be used to fund women’s charities.
- Free infant school meals to be maintained.
- Basic state pension to rise £3.35 to £119.30 a week from next year.
- Pledge that money will be found for roads.
- Increase in cash to the arts councils.
A full review of today’s Autumn statement and spending review can be found here.