KEY EVENTSUMMARY: All the key announcements at a glanceChancellor Philip Hammond has banned PFI deals, mounted a screeching Universal Credit U-turn and launched a new £400m tax on Google and Facebook in Britain’s final Budget before leaving the EU. Universal Credit claimants will get an extra £1.7billion a year in higher work allowances by 2023 in a partial victory for the Mirror. Meanwhile beer, cider, petrol and spirits duties are all frozen - though taxes on cigarettes and wine are going up at 6pm. (Image: Sky News)The Income Tax personal allowance and 40p rate are rising to a Tory manifesto pledge a year earlier than planned. Stamp duty will be scrapped for more first time buyers and the minimum wage is going up to £8.21 for over-25s.

Source: Daily Mirror October 29, 2018 09:10 UTC