Autumn Statement 2015: at a glance

Our favourite quotes

"Opportunity for all."

"Our job is to rebuild Britain, build our finances, build our defences, build our society."

" This is a big spending review by a government that does big things."

"£12 billion of welfare savings committed to at election will be delivered in full."

"I’ve had representations that these changes to tax credits should be phased in. I’ve listened to the concerns. I hear and understand them. And because I’ve been able to announce today an improvement in the public finances, the simplest thing to do is not to phase these changes in, but to avoid them altogether."

"The other side talks about social justice, this side delivers it."

"We are the builders".

"The police protect us and we are going to protect the police".


GDP forecasts of 2.4% this year, then 2.4% in 2016, 2.5% in 2017, then 2.4% in 2018, 2.3% in 2019 and 2020 - "faster in Britain than any other major advanced economy in the world."

• Debt forecast to be 82.5% of GDP this July, falling to 81.7% next year, 79.9% in 2017-18, then 77.3%, 74.3%, and 71.3% in 2020-2021.

• Defecit was 11.1% of national income in 2010. This year to be 3.9%, then 2.5%, 1.2% in 2017-18, 0.2%, +0.5% in 2019-2020, then +0.6% in 2020-2021.


• Cuts to tax credits scrapped.


• Single tier pension rate to be set at £155.65 a week.

• Basic state pension to rise by £3.35 to £119.30 next year - "biggest increase for 50 years".


• Doubling housing budget to £2 billion a year.

400,000 affordable new homes by the end of the decade - biggest housbuilding programme since 1970s. Half will be starter homes sold at up to 20% off market values.

Right To Buy programme to go ahead, with a pilot trial from 00:00 on 26 November.

• London Help To Buy scheme gets the green light. Offering 95% LTV loans on first-time buyer properties.

Buy-to-let investors to face Stamp Duty hike.


• 24 million households to benefit from a £30 reduction in energy bills due to new energy efficiency scheme.


• Motorists to benefit from £40-£50 lower insurance bills as government seeks to reform crash compensation.


• Disappointment as Isa and Jisa levels are frozen


• £22 billion of efficiency savings across health departments.

• £6 billion injection to NHS delivered early next year (part of a previously-pledged £10 billion).

• Scrap the cap on nurses.

• £600 million of additional funding for mental health services.

• Extra £1.5 billion by 2019-2020 for Better Care Fund.


• No cuts in the police budget. It will be protected in real terms.

• Councils to be able to levy 2% on council tax bills to pay for social care.

• Councils to be able to spend 100% of proceeds from their own property sales.


• The Department for Transport's operational budget to fall by 37% but capital spending increases by 50% to £61 billion, funding the "largest road investment programme since the 1970s", including: HS2, electrification of railway lines, investment for London's transport infrastructure, permanent pothole fund.

Culture & sport

• Department of Culture, Media and Sport to face a 20% budget cut, but museums and galleries to maintain free entry and a 29% increase in sports funding.


• 30 hours of free childcare for working families of three and four year olds, to only be available to parents working more than 16 hours a week and earning under £100,000.


Student loan borrowers hit with retrospective change to repayment threshold

• 500 new free schools and technical colleges

• Schools budget protected in real terms, with £10 billion funding for education (and childcare).

• School funding system to be phased out in favour of a new national funding formula from 2017.

• Sixth form colleges to be allowed to become academies so they no longer have to pay VAT.

• Part-time students to be eligible for maintenance grants.


• Holloway Prison to be closed, along with under-used courts.


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