The Autumn Budget 2017: what does it mean for Scotland?
The Chancellor Philip Hammond made a range of announcements during his speech in the House of Commons
Last updated 22nd Nov 2017
The Chancellor's unveiled his tax and spending plans for the year ahead.
In his Autumn Budget speech in the House of Commons, Philip Hammond earmarked ÂŁ3 billion for Brexit preparations and also announced a rise in personal allowances.
However, other announcements - such as the scrapping of stamp duty and a National Living Wage rise - will not affect Scotland as the issues are already devolved.
We've highlighted the main points from the Chancellor's speech.
• Following other decisions taken in the Budget - notably on health, housing and business rates relief - the Scottish block grant from the UK Government will increase to £2 billion.
• The personal allowance will rise from £11, 500 to £11, 850 in April 2018, which will affect 106,000 people in Scotland.
• Alcohol duties will be frozen, rather than increasing with inflation as planned from February 1st 2018. A bottle of Scotch is now £1.15 cheaper than it would other have been since ending the duty rise in 2014.
• Fuel duty on petrol and diesel has been frozen for the eighth successive year, while the rural fuel duty rebate scheme has been extended until 2023.
• The UK Government will legislate in its Finance Bill 2017-2018 to allow Police Scotland and Scottish Fire and Rescue Service to recover VAT, which will save them more than £40m per year. The change comes into effect in April 2018.
• Scotland’s Oil and Gas Industry will benefit from the introduction of a transferable Tax History, which enables oil companies to pass on their tax history to new buyers, which will encourage investment in the North Sea
• The UK government will begin negotiations on a growth deal for the Borderlands. It will also continue with progress towards city deals for Tay Cities and Stirling and Clackmannanshire.
• The UK Government has committed a further £36 million LIBOR banking fines over the next three years, and from this it will give an allocation of £3.35 million for 13 projects in Scotland. In addition, the Lady Haig’s Poppy factory in Edinburgh will receive £2.2 million in support.