Autumn Statement 2011

Our concise report to the announcements made in the Autumn Statement 2011.

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The economy

The Chancellor introduced his Autumn Statement against the background of a global economy still struggling to recover from the credit crunch and recession. While officially we are not technically in recession the reality is that many small businesses perceive that the seemingly ever-decreasing money supply is restricting the ability of many businesses to deliver real increases in growth - both in the top and bottom lines.

Business finance

The Autumn Statement 2011 saw a series of announcements affecting business finance.

Pensions

Information on state pensions, asset-backed pensions, pension funds and infrastructure funding arising from the 2011 Autumn Statement.

Tax credits

The planned £110 above inflation increase to the child element of the Child Tax Credit will be scrapped and the Government will also not uprate the couple and lone parent elements of the Working Tax Credit in 2012-13.

Housing

The last few years have been marked by a relatively stagnant housing market with prices generally flat in the midlands and north, Scotland, Wales and Northern Ireland while prices have increased in the south east.

Travel

Information on fuel duty, rail fares, and air passenger duty (APD) arising from the 2011 Autumn Statement.