- NHS Funding: The government is investing £22.6 billion in the NHS over the next two years, aiming to increase elective appointments, upgrade GP facilities, and add new surgical hubs and diagnostic scans.
- Living Standards: There will be no increases to Income Tax, VAT, or employee National Insurance. The National Living Wage will rise to £12.21 per hour from April 2025. Employers National Insurance will rise to 15%. Pensioners will see a 4.1% increase in the State Pension, and the fuel duty freeze will continue.
- Infrastructure Investment: Over £100 billion will be allocated to rebuild schools and hospitals, fix roads, and improve digital infrastructure, including high-power broadband access.
- Business Support: Taxes on properties used for retail, leisure, and hospitality will be reduced from 2026. Business rates will be cut by 40%, and the small business multiplier will be frozen for one year. Corporation Tax will remain at 25%.
- Tax Reforms: The government will close tax loopholes and improve HMRC efficiency to fund public services and ensure economic stability through new fiscal rules.