Autumn Statement 2014: other measures

The 2014 Autumn Statement speech was delivered to Parliament by Chancellor George Osborne on Wednesday 3 December 2014. Here we summarise some of the measures relating to investment and government spending.

The Chancellor announced:

  • NHS: £2bn more investment each year in the NHS
  • GPs: £1.2bn worth of investment in services across the country
  • Carers: the employment allowance to reduce employer NICs by £2,000 is extended to cover carers
  • Tax avoidance: an extra £5bn will be raised in the next parliament from a tax avoidance crackdown
  • VAT refunds: hospice charities, search and rescue services, and air ambulances will benefit from VAT refunds
  • Air passenger duty: abolished for under 12s from 2015 and for under 16s from 2016
  • Devolution: transfer of corporation tax powers to the Northern Ireland Executive within this parliament if the Executive can prove that it can cope with the financial implications; agreement for full devolution of business rates regime to the Welsh Assembly; draft clauses will be released in the new year for devolution of income tax powers to Holyrood.

A full guide to the 2014 Autumn Statement will appear on our site later this evening.

Please contact us to discuss any of the measures announced in the 2014 Autumn Statement and how they affect your planning.