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Live coverage on today's first Autumn Budget live on eprivateclient from 12.30pm

News Team, 22/11/2017

Chancellor Philip Hammond is delivering his first Autumn Budget today and eprivateclient will cover all the latest news live from 12.30 GMT.

With news on housing, tax evasion and pensions expected from Mr Hammond\'s first Budget since the June General Election, stay informed of the latest announcements affecting the private client world live with eprivateclient.

Following Mr Hammond\'s speech, eprivateclient will bring you all the news and views on the last coalition Budget from experts in the private client sector.

In order to follow the Budget live with eprivateclient simply return to this story and regularly refresh the page.

12.37: Following Prime Minister\'s Questions, Chancellor Philip Hammond approaches the dispatch box and begins his second Budget in less than ten months

12.38: Budget will express resolve to look forwards, not backwards, and face challenges head on

12.38: One of the best ways to protect British jobs and prosperities is to make early progress with an implementation programme allowing businesses to invest with confidence. This will be a top priority in weeks ahead

12.39: Chancellor Hammond says negotiations with the EU are in a critical stage

12.39: Hammond: We have already invested more that 700 million in Brexit and stand ready to allocate further funds

12.40: "World is on brink of technological revolution. We face a choice - embrace future, seize opportunities and build on Britain\'s success story, or as the party opposite proposes, reject change"

12.40: "Britain is genuinely at forefront of tech revolution for first time in decades" 

12.40: Mr Hammond says "we choose the future, we choose to run towards change not away from it"

12.41: "We must invest to secure that bright future to our country", Mr Hammond says, adding that "as we invest in our future, I see Britain as a prosperous and inclusive economy" and make the UK a "force in the world"

12.44: Speaking about the latest OBR figures, Mr Hammond states that the "best way to improve lives of people in country is to help them get into work" and "1.4 million people out of work is 1.4 million people too many"

12.45: Mr Hammond said he was proud of Government\'s record in creating another 3 million jobs and another 600,000 people are expected in work by 2020.

12.46: Mr Hammond states that productivity performance continues to disappoint. OBR revised down outlook for productivity growth across forecast period. Now expends 1.5 percent of GDP growth in 2017 with inflation to peak at three percent in this quarter - 1.4 percent in 2018, 1.3 in 2019 1.5 in 2022

12.47: "Debt needs to come down as undermines our economic security, unfairly passes burden to next generation and not right to spend more on debt interest than police and armed forced combined"

12.47: Deficit has been shrinking and next year will be below 2 percent

12:47: "OBR expects debt to peak this year"

12.48: Mr Hammond reaffirms pledge of fiscal responsibility and commitment to rules set out last Autumn. Chooses to use headroom established then to invest in future and keep taxes low

12.49: Mr Hammond says that the OBR has confirmed that the UK is on track to meet its fiscal rules and borrowing will fall in every year of the forecast to reach its lowest level in 20 years

12.50 The Chancellor says as the heart of a global Britain must be a "dynamic and modern economy"

12.51: "Half a trillion been invested since 2010 including largest road building programme, Crossrail and HS2"

12.50: "Key to raising wages is raising investment public and private" and Mr Hammond pledges to  increase main R&D tax credit to 12 percent

12.53: "Britain will harness digital potential and turn it into jobs of the future." A new tech business is currently founded in Britain every hour, Chancellor wants that to be every half hour.

12.55: Chancellor wants to ensure "EIS is not used as shelter for low risk capital investment schemes"

12.56: "Our future vehicles will be driverless but they\'ll be electric first, a change that needs to come as soon as possible for our planet

12:55: Tax system can play an important role in protecting our environment

12.57: New £220 million clean air fund

12.56: Taxes for diesel cars are to increase

12.58: Plastics pollution - will investigate how tax system and charges on single use plastic items can reduce waste

12.58: New maths schools across England

12.58: "Knowledge of maths is key to the digital economy"

12.59: £40m to train maths teachers

13.01: UK will invest £30 million in digital learning skills

13.02: Speaking about the UK\'s regions, Mr Hammond says "too much of economic strength focused in capital city - we back Northern powerhouse and Midlands engine - with a new £1.7 billion transforming cities fund

13.02: The Government is investing £300 million to ensure HS2 structure that supports Midlands rail improvements

13.03: Piloting 100 percent business rates retention in London next year

13.04: £2 billion more for Scottish Government

13.03: £1 billion of discounting lending to local authorities to support infrastructure projects

13.04: Pledge of £1.2 billion more for the Welsh Government

13:06: Commitment to review effect of VAT on Northern Ireland

13.06: The UK Government will open negotiations for a Belfast city deal as part of an initiative to deliver deals with cities across Northern Ireland

13.07: "Work always pays and people are supported to earn," Chancellor says of universal credit

13.08: Mr Hammond says the Government will reduce 7 day waiting period, universal credit will begin on day of claim. Any household that needs it can receive full month\'s payment within 5 days of claim

13.08: £1.5 billion package pledged to address concerns surrounding benefits

13.09: From April national living wage will raise by 4.4 percent to £7.83

13.10: Mr Hammond tells the House that income inequality is at its lowest level in 30 years, the proportion of low paid jobs is at its lowest in 20 years and the "top one percent are paying larger share of income tax than any time in Labour government"

13.11: Personal allowance from April will be £11,850 and higher rate threshold over £43,000 meaning a full time worker on national living wage will take home more than £3,800 extra

13.13: Cost of travel - from April 19 will freeze short haul passenger air duty rates but hikes for premium economy and private jet passengers

13.13: New railcard to be introduced for those aged 26-30, meaning 4.5 million young people will benefit from lower rate on fares

13.14: Freee on fuel duty means this tax has been frozen for longest time in 40 years, costing the Exchequer £46 billion since 2010

13.14: Speaking about the NHS, Mr Hammond says the number of patients being treated at record level, cancer survivor rate at highest level, public satisfaction of inpatients highest level in 20 years

13.16: Mr Hammond says that the NHS is under pressure and announces an increase in funding of £2.8 billion to NHS in England, £350 million immediately

13.18: Mr Hammond says the Government has clamped down on tax avoidance - further package that is forecast to raise £4.8 billion by 2022/23 and adds that the opposition did not stop tax evasion and avoidance when in power, "They didn\'t clamp down on avoidance and evasion" and "failed in office for 13 years"

13.19: VAT threshold in UK highest in OECD at £85,000, the Chancellor says the high threshold keeps majorities of small businesses out of VAT altogether and pledges to retain VAT at current level for next two years

13.19: Chancellor says indexation to be frozen for companies at Jan 2018 with "small businesses are feeling under pressure and must be supported"

13.21: On business rate relief Mr Hammond says the Government will bring forward planned switch from RPI to CPI by two years, a move which is worth £2.3 billion to businesses over five years

13.23 Tax system in digital age - digitalisation poses challenges for sustainability of tax system. Can be solved on international basis. Will take action - from April 19 will apply income tax to royalties relating to UK sales when royalties are paid to low tax jurisdiction - expected to raise about £200 million a year. Mr Hammond says this "does not solve the problem but sends signal of our determination"

13.24: The Chancellor adds that further action to address online VAT fraud by making all sellers using them liable

13.26: Mr Hammond says the Government will address the issue of empty properties - with a 100 percent council tax premium for long term empty houses and flats

13.26: Mr Hammond tells MPs that "house prices are increasingly out of reach for many" with a drop in ownership for those under 34 and despite housebuilding at highest level since the crash and Help to Buy, the Chancellor pledges £44 billion of capital funding and loans to build 300,000 houses per year through to the mid 2020s

12.30: The Chancellor adds that an additional £34 million will be used to support construction skills. Will focus on urban areas to protect green belt

13.32: 270,000 planning permissions in London granted and not built. Mr Hammond pledges to set up a review to understand why

13.35: The Government will use new town development programmes to create five new towns in places where demand is heavy and commits to building up to a million homes in the Cambridge, Milton Keynes, Oxford corridor

13.37: SDLT abolished for all first time buyers for properties under £300,000 and up to £500,000 in London. A cut for 95 percent for all first time buyers. At the same time Mr Hammond pledges £10 billion more in help to buy equity loan

12.39: Closing his hour long speech, Mr Hammond ends his second Budget, telling MPs it will "We are at a turning point in history and resolve to build on strengths on British economy, embrace change, not hide from it, seize opportunities, and build a Britain fit for the future"

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