The Chancellor of the Exchequer, George Osborne, delivered the Autumn Statement 2015 on 25 November, 2016. And, we have all the key announcements from the Autumn Statement 2015 right here for you.

No tax credit cuts
For the low income families worried about the tax credit cuts, here’s some good news. Mr. Osborne scrapped his tax credit cut plans that were set out in the Summer Budget because of the improvement in the public finances. However, the tax credit taper rate and thresholds remain same as before.

No cuts to police budget
Mr. Osborne announced that the government will protect overall police budget and further provide additional funding. This funding will be provided in order to form and train more officers to protect the country from crime and terrorist threats.

Basic state pension to raise £119.30 a week
The basic state pension will rise to £119.30 per week which is the highest increment to the state pension for 15 years.

NHS benefit
A £10 billion real increase has been committed by 2020. And, loans will be provided to the health students which will provide 10,000 nurses and other healthcare professionals to the NHS.

Housing benefit
Housing budget will be doubled to £2bn and pledged creating 400,000 affordable new homes by the end of the decade through the upcoming Starter Homes Initiative and shared ownership scheme. Stamp duty will be raised by extra 3% for buy-to-let properties and second homes to raise an additional £1bn by 2021.

Schools
500 free new schools will be established. Moreover, maintenance loans will also be available to higher education students who study part time from 2018.

Environment
With £2.3 billion invested for over 1,500 flood defence schemes throughout the country, 300,000 homes will be protected from flooding by 2021.

Tax-free childcare
The parents who work for more than 16 hours a week and with incomes of less than £100,000 will be provided 30 hours of tax-free childcare from 2017.

Deficit to surplus
The deficit will be eliminated and the government will run a surplus in the next four years.

Local councils to provide social care
Local authorities will be able to levy a new social care tax of up to 2% on council tax. They will be able to keep money made from the sales of local properties.

Introduction of Apprenticeship Levy
In April 2017, the apprenticeship levy will be introduced which will be payable by employers at 0.5% of their paybill. This is aimed at creating 3 million new apprenticeships by 2020 and will apply to employers across all range of sectors.

Women’s health
Around £15 million collected on the sanitary products through the VAT each year will be donated to the women’s charities.