All You Need To Know About The Autumn Statement, Explained In GIFs
The Autumn Statement is chancellor George Osborne's mini-Budget, setting out where he wants to spend money and what taxes he wants to change. Here's what you need to know.
You'll be working until your late 60s.
The economy is starting to pick up and there's more jobs to go around.
But George Osborne's original deficit reduction target will be missed by three years.
The prospect of a balanced budget is a triumph for the chancellor.
The state pension will rise by £2.95 a week from April, meaning pensioners will be one of the big winners of the coalition government.
Wealthy foreigners who own expensive property will be hit by a new tax.
Fuel duty frozen will be frozen, meaning it hasn't gone up under the coalition.
Energy bills will fall by around £50 a year, with the government picking up the bill.
Free school meals for all children up to the age of seven.
Total spending on welfare benefits will be capped by parliament.
The limit on the number of UK university students has been dropped.
Social housing that's worth a lot of money can be sold to buy more, cheaper properties.
But there's also confirmation that house prices are expected to go through the roof.
People who run small shops or pubs will be £1,000 better off.
And it's the end of the tax disc for cars. Tough on paper, tough on the causes of paper.
While rail fares won't go up as much as expected.
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