Live: Autumn Budget 2017
Philip Hammond avoided any disasters in his second budget of 2017. Here are the headline announcements: Growth forecasts downgraded: Britain's economy is now expected to grow by 1.5 per cent in 2017, down from the prediction of 2 per cent made in March Stamp duty scrapped for first time buyers on homes costing up to £300,000 £3bn set aside for Brexit preparations Millenials' railcard confirmed; National Living Wage up; VAT threshold for small businesses maintained; £2.8bn more for the NHS; 100 per cent council tax on empty homes; target to build 300,000 new homes by 2020s Tobacco duty up; beer and wine duty frozen; No fuel duty rise for petrol and diesel cars next year Annual borrowing is £49.