will move to the autumn. and it s the last budget before the government triggers article 50 and starts the formal process of leaving the eu, possibly as early as next week. a few minutes ago the chancellor emerged, red box in hand, from his official residence, number 11 downing street, alongside him the treasury ministerial team, including his number 2, david gauke, who we ll be speaking to a little later on. the red box was made for david osborne in 2011. the chancellor posing for the traditional photo for the ranks of the photographs in downing street on budget day and later he will be making to the house of commons and he is expected to get to the despatch box in around an hour s time because we have a little bit of talking to do and then we ll have prime minister s questions, as usual on a wednesday and then the chancellor will get to his feet. stay with us as we ll have all the budget detail and reaction. i m outside parliament where the focus recently has been on britai
we re at westminster in our budget studio on the day chancellor philip hammond delivered his first budget. as the government prepares to start the process of leaving the eu within weeks the chancellor said the budget prepared britain for a brighter future . borrowing forecasts have been revised downwards for the next few years. there s more money for social care in england and a controversial move to raise national insurance contributions for self employed workers. labour accused the chancellor of producing a budget of utter complacency which ignored a crisis in public services. we ll have details and reaction from westminster and beyond. but first lets take a look at those key announcements made by the chancellor earlier this afternoon. the chancellor announced a 1% increase in national insurance bills for many self employed people plans that would raise £145 million a year by 2021 22 a pledge which appears to contradict a conservative manifesto pledge not to r
money. while there are many excellent examples of best practice around the country, at the other end of the scale, just 2a local authorities are responsible for over half of all delayed discharges to social care, so alongside additional funding, the health and community sector tees will identify measures to support authorities that are struggling and ensure morejoined up working with the nhs. the previously announced reform to business rates has unnerved some companies, who feared they see their bills spike. today the chancellor offered some comfort with a cap on the increase in business rates for certain companies. today, as i promised many of my right honourable friends i would, i will address those concerns with three measures which apply to the national business rate system for england. first, any business coming out of small business rate relief will benefit from an additional cap. no business losing small business rate relief will see their bill increase next year by
which will allow local authorities to act now to commission new care packages, and it forms a bridge to do better care funding that becomes available towards the end of the parliament. of course, this is not only about money. while there are many excellent examples of best practice around the country, at the other end of the scale, just 2a local authorities are responsible for over half of all delayed discharges to social care, so alongside additional funding, the health and community secretaries will identify measures to support authorities that are struggling and ensure morejoined up working with the nhs. the previously announced reform to business rates has unnerved some companies, who feared they d see their bills spike. well, today the chancellor offered some comfort, including a cap on the increase in business rates for certain companies. today, as i promised many of my right honourable friends i would, i address those concerns with three measures which apply to the nat