Today Philip Hammond delivered the Autumn Statement. From April 2017:
- Living wage is due to increase from £7.20 an hour to £7.50 an hour.
- Salary sacrifice savings will be restricted to pensions, cycle-to-work, childcare vouchers and ultra-low emission cars.
- Personal allowance to increase to £11,500.
- The roll out of Tax-Free Childcare is set to continue.
- Employer and employee National Insurance thresholds to be equalised at £157 per week.