Newspaper article The Journal (Newcastle, England)

Will Chancellor Make Life Easier for the Workers?

Newspaper article The Journal (Newcastle, England)

Will Chancellor Make Life Easier for the Workers?

Article excerpt

CHANCELLOR Philip Hammond is to deliver his first Autumn Statement to the House of Commons on Wednesday.

And it's particularly important for two reasons. First, it's the first major financial statement since the Brexit vote. Second, it's not just a milestone for Mr Hammond but also for Prime Minister Theresa May, because it's the first such statement since she took over at Number 10. So what can we expect? | Fuel We don't know what exactly will be announced, but it is expected at Whitehall that policies will include continuing to freeze fuel duty for motorists, which may be welcomed by motorists in rural parts of the North East such as County Durham and Northumberland. | Income tax and childcare The Government is also expected to increase the income tax threshold, which effectively means cutting income tax for many working people.

However, the threshold is already PS11,000 - and from April next year, you will pay no tax on incomes up to PS11,500.

Any further increase will only benefit people with incomes above PS11,500. There may also be more free or subsidised childcare, and extra incentives for low-income families to save.

| Holidays post-Brexit There is speculation that Mr Hammond will announce a cut to air passenger duty to help families with the cost of a foreign holiday.

Newcastle Airport will be keen to see the Government how it plans to ensure English regional airports can compete with Scotland - where the Scottish Government has announced plans to cut air passenger duty by half by 2021, and eventually to abolish it. The fear is that this will encourage airlines to choose Scottish airports to run services from, unless similar cuts are introduced in England.

| Housing Ministers have already announced a PS3bn housing fund to "get Britain building", and Mr Hammond is likely to stress the Government's support for people who want to buy a home. …

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