Autumn statement winners …
• Home-buyers - anyone paying up to £937,000 for a house - 98% of buyers - will pay an average of £4,500 less.
• Income tax payers - the basic rate threshold is going up, and basic rate taxpayers will benefit to the tune of £20 - a year. Barely enough for a date-night at the cinema. • The north: being transformed into a Northern Powerhouse - a phrase used by Osborne four times in his speech - through various investments.
• Churches with leaky roofs – Osborne stumped up £15m for repairs. • Reluctant drivers in Bristol, London, Milton Keynes and Coventry, chosen locations for driverless car trials.
• Veterans with hearing problems and Gurkas will get help from cash raised from bank fines. Other money raised from fines will pay for new helicopters for air ambulance services.
• The sick using GPs’ surgeries, sharing a £1.2bn share of fines on banks for rigging foreign exchange markets
• Globe-trotting children - they will no longer have to pay air passenger duty.
… and losers
• Google, Amazon and other big multinational companies who like to avoid paying tax – a new 25% tax will be slapped on profits generated by multinationals from the UK but shifted out of the country.
• The public sector - about 60% of spending cuts are still to come.
• Buyers of expensive homes - Osborne’s answer to Miliband’s mansion tax: those buying million-pound homes face far bigger stamp duty bills.
• The world - the OBR revised down its forecasts for global growth.
