Tax measures
- 2% cut on main rate of national insurance
- abolishing class 2 national insurance contributions (NIC)
- cutting class 4 NIC
- a permanent extension of the full expensing capital allowance scheme
- national living wage increased for 23-year-olds and over to £11.44 per hour
- freeze all alcohol duty until 1 August 2024
- increase state pension by 8.5%
- confirmation of the new merged research and development (R&D) scheme
- freeports extended for another five years
- 75% business rate discount for retail, hospitality and leisure extended until 2025
- tax relief for visual effects expenditure
