Families receiving tax credits won't be hit as hard as expected after the Chancellor today announced a U-turn on one of the major proposed cuts in the Summer Budget.
Today's Autumn Statement saw Chancellor George Osborne announce a raft of cuts and giveaways to balance the Government's books. However, as a MoneySaving website and consumer champion, we've focused on the key changes that will affect you.
'Road tax' rates are to be shaken up for new cars from 2017, while a new 'Roads Fund' is to be established so money raised in England will be spent on maintaining and upgrading roads in the country.
Parents and grandparents will be able to leave homes worth up to £850,000 to their children without them paying inheritance tax from 2017, rising to £1 million by 2020.
Chancellor George Osborne has outlined a new national minimum wage for over 25s, dubbed the 'national living wage', which while higher than the current minimum wage is not all it's cracked up to be.
Chancellor George Osborne has today said he will scrap university maintenance grants for new English students and replace them with an enlarged maintenance loan, though according to Martin Lewis, the impact is likely to be more psychological than practical for many.
8 July 2015
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