Spring Budget 2017

This Budget: i) increases the main rate of class 4 National Insurance Contributions from 9% to 10% in April 2018 and to 11% in April 2019; and ii) reduces the dividend allowance from 5,000 to 2,000 from April 2018. Personal allowance will also rise to 11,500 in April 2017. The Budget further announces polices to create sector specific routes to employment; fund maintenance loans for students pursuing technical education at higher levels; and expand the free schools programme. There will be over 23 billion of additional high value investment committed through the National Productivity Investment Fund (NPID). Tax free childcare for working families with children under 12 will be rolled out and from September 2017 the free childcare offer will double to 30 hours per week for working families with 3 and 4 year olds in England. The government will provide 2 billion additional funding for social care to councils in England. It will also invest a further 425 million to improve local NHS services