[At a glance: What did the Chancellor announce?
Abolished the 45p tax rate, paid by those earning
more than £150,000, from April next year
Cost per year: £2billion
1p cut to basic rate of income tax brought forward
by a year to April 2023
Cost per year: £5billion
No stamp duty to be paid on property purchases
up to £250,000 and up to £425,000 for first-time buyers
Cost per year: £1.5billion
Reintroduction of VAT-free shopping for overseas tourists
Cost per year: £2billion
Alcohol duty frozen from next year,
estimated to be worth 7p on a pint of beer
and 38p on a bottle of wine
Hike in National Insurance contributions
to be
cancelled from 6th November
Cost per year: £15billion
Cancellation of next year's planned
rise in Corporation Tax so the levy
will remain at 19 per cent
Cost per year: £18billion
Businesses based in 38 new 'investment zones'
will have taxes slashed and will benefit
from scrapping of planning rules
Cost per year: Not specified
Scrapping of the bankers' bonus cap in a bid to boost the City
Cost per year: Nil
Total cost per year with
other measures: £45billion]
https://www.dailymail.co.uk/news/art...ing-fears.html