Investment Week has summarised the top 15 points from Philip Hammond's first, and last, Autumn Statement since being appointed as Chancellor in July.
6. New £23bn infrastructure fund
As part of a raft of infrastructure proposals, Hammond unveiled a £23bn National Productivity Investment fund focusing on innovation and infrastructure, which will make investments over a five-year period.
He is also launching a £2.3bn housing infrastructure fund, with the aim to deliver 100,000 new homes in "areas of demand", and a further £1.4bn will go towards 40,000 additional affordable homes.
He is also investing £1.1bn in the transport networks, and has announced a £1.8bn from Local Growth fund for English regions.
7. Corporation tax cut
The main rate of corporation tax has already been cut from 28% in 2010 to 20%, and will be cut again to 17% by 2020, according to Hammond.
He said: "My priority as Chancellor is to ensure that Britain remains the number one destination for business - creating the investment, the jobs and the prosperity to protect our long-term future."
8. New NS&I bond and increasing ISA limit
Hammond announced the launch of a three-year National Savings and Investment (NS&I) bond with an expected yield of 2.2%. The bond will be open to those aged 16 and over, available for 12 months from Spring 2017, and will have a minimum investment limit of £100 and a maximum investment of £3,000.
The government said that although the bond's indicative rate is 2.2%, this may be adjusted to reflect market condition when the product is launched.
He also reaffirmed previous Chancellor George Osborne's commitment to increasing the ISA limit from £15,240 to £20,000 from April 2017.
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9. Increased National Living Wage and National Minimum Wage
The National Living Wage for those aged 25 and over will increase from £7.20 per hour to £7.50 per hour. According to government figures, that means over £1,400 a year more for a full-time worker previously on the National Minimum Wage.
The National Minimum Wage will also increase:
• for 21 to 24 year olds - from £6.95 per hour to £7.05
• for 18 to 20 year olds - from £5.55 per hour to £5.60
• for 16 to 17 year olds - from £4.00 per hour to £4.05
• for apprentices - from £3.40 per hour to £3.50
10. Higher personal allowance
The Personal Allowance is the amount of income you can earn before you start paying income tax. It is currently £11,000 this year, and will rise to £11,500 in 2017-18. The point at which you pay the higher rate of income tax will increase from £43,000 this year, to £45,000 in 2017-18.
