• Cut in the basic rate of income tax to 19% from April 2023
• Government estimates 31 million people getting £170 a year more
• Currently, people in England, Wales and Northern Ireland pay 20% on any annual earning between £12,571 to £50,270 – rates in Scotland are different
• 45% higher rate of income tax abolished for England, Wales and Northern Ireland taxpayers
• One single higher rate of income tax of 40% from April next year

• Reversal of the recent rise in National Insurance (NI) from 6 November
• Workers and employers have paid an extra 1.25p in the pound since April
• New Health and Social Care Levy to pay for the NHS will not be introduced

• Cancel UK-wide rise in corporation tax which was due to increase from 19% to 25% in April 2023

• Rules around universal credit tightened, by reducing benefits if people don’t fulfil job search commitments
• Around 120,000 more people on Universal Credit to be asked to take steps to seek more work, or face having their benefits reduced
• Jobseekers over 50 to be given extra time with work coaches to help them return to job market

• IR35 rules – the rules which govern off-payroll working – to be simplified
• Annual investment allowance, the amount companies can invest tax-free, remains at £1m indefinitely
• Regulations change so pensions funds can increase UK investments
• New and start-up companies able to raise up to £250,000 under the scheme giving tax relief to investors
• Share options for employees doubled from £30,000 to £60,000

• Cut to stamp duty which is paid when people buy a property in England and Northern Ireland
• No stamp duty on first £250,000 and for first-time buyers that rises to £425,000 – comes into operation today
• 200,000 more people will be taken out of paying stamp duty altogether, government claims

• Freeze on energy bills, which the government claims will reduce inflation by 5 percentage points
• Total cost for the energy package expected to be around £60bn for the six months from October

• Rules which limit bankers’ bonuses scrapped
• Package of regulatory reforms to be set out later in the autumn

• VAT-free shopping for overseas visitors
• Planned increases in the duties on beer, cider, wine, and for spirits cancelled

• Government discussing setting up investment zones with 38 local areas in England
• Tax cuts and liberalised planning rules to be offered to release land for housing and commercial use
• Investment zones offered measures such as no business rates and stamp duty waived
• New legislation to cut planning rules, and get rid of EU regulations and environmental assessments in an effort to speed up building

Reference: BBC News