House price latest
House prices up by 5.2%
in year to December 2017.
Model agencies collude to fix rates
Regulators find leading model agencies guilty of
This is the first November budget to be delivered by a UK
Forecasts for the UK economy included:
- Inflation rate
expected to fall from 3% this year, to 2%.
- Growth forecast down to
1.5%, from 2%, then to 1.4%, 1.3% and 1.5% in subsequent years.
- Public borrowing now revised downwards to £49.9 billion, and
to £39.5 billion in
- The national debt as a share of GDP is expected be 86.5%
this year, and fall to 79.1% by 2022-2023.
- Employment set to grow, with 600,000 more jobs by 2022.
Measures announced by the Chancellor:
Housing and transport
- Stamp duty to be abolished for first time buyers on properties up
to £300,000, and on the first £300,000 in more expensive areas,
including London. This is estimated to affect some 95% of first-time
- £44bn capital investment to boost the
- Target of building 300,000 new homes by mid-2020s.
- 100% council tax premium on empty homes.
- Review into delays in permitted development, and enquiry
into 'land banking' by developers.
- £28m for counselling and mental health support for Grenfell tower
- Young person's railcard extended to 26-30-year-olds.
- £1.7bn transport fund announced for cities.
Alcohol, gambling and fuel
Tobacco tax to rise by 2% above the RPI. Duty on beers, wine and
spirits kept on hold.
- 8,000 new computer science teachers to be recruited at a cost
- Maths incentive to secondary schools and sixth form
colleges at £600 per student taking maths and further maths.
- Assistance for teacher training in poorly performing
- VAT threshold stays at £85,000.
- Business rate rises now linked to CPI and not the RPI.
- £540m to electric car support, including new charging points.
To rise to £11,850 in April 2018.
40p income tax threshold
To rise to £46,350.
Personal savings, pay and welfare
- Additional £1.5bn to help with the delivery of universal
credit, following widespread criticism of failings in the
- Seven day wait for dealing with claims to be scrapped.
- Claimants to get a month's initial payment within 5 days.
- The National Living Wage to rise in April 2018 by 4.4%, from
£7.50 an hour to £7.83.
Health and social care
- £2.8bn extra for NHS (England).
- Additional £350m to help ease pressure on NHS over this winter.
- £10bn capital funding for hospitals.
Read more from:
The Financial Times
Report on the growth of alternative finance.
UK grows by 0.3% in 1st quarter of 2017.
Costs and benefits of customs unions.
Multiple choice papers for Paper Three.
What trading options
are available to the UK?
Savings ratio falls to lowest level on record.
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