Key measures in the autumn Budget

Tax A temporary surcharge on bank profits will be raised from 3 per cent to 6 per cent First Time Buyer ISA to replace the existing individual ISA, with the cut in the cap on cash ISAs scrapped Two per cent tax rise on landlords and savers Gambling to be taxed more heavily, with duty on higher-stakes gaming machines rising from 20 per cent to 25 per cent. Pubs and seaside arcades will be exempted Energy Twenty million households in council tax bands A to D will receive £100 each to help with energy bills this winter Gas standing charges are to be abolished, taking around £100 off the average household bill VAT cut on electricity announced in the summer to be extended to July, taking £50 off the price cap 5p a litre cut in fuel duty is extended until at least July 2027 Wages and Pensions The minimum wage will go up by 3.9 per cent in April, but there will be no measures to equalise the rate for 18 to 20-year-old workers The state pension will go up by 3.9 per cent in April, in line with the rise in average earnings Pubs will be helped by the threshold for rate relief for hospitality and leisure being raised from £12,000 to £18,000 £430 million to end rough sleeping in winter to be made available every year Arms Commitment to massive arms spending rises, with £5 billion extra found immediately and plans to partially finance further rises announced and details to come in next year’s spending review Extra £10 billion in military and other assistance to Ukraine Housing and Welfare New commitment to cut welfare spending with legislation next year £40 billion to be spent on helping with council house-building Biodiversity rules to be scrapped for brownfield sites to encourage house-building