The Student Room Group

Budget 2018: Wages, mental health support and universal credit

What do you really need to know:

1. Here's how your pay will be affected.
The amount of your wage you get tax-free - known as the personal allowance - is going up from £11,850 to £12,500 a year from April 2019.

2. An extra £20.5bn would go to the NHS in England over the next five years, including £2bn towards mental health spending.

3. There will be a new 24-hour mental health hotline.

4. More "mental health ambulances" - special vehicles used to treat people having a mental health episode.

5. Universal Credit - a system to merge six major benefits together, including unemployment and housing benefits - will receive an extra £1bn for the next five years.

6. Announced that government spending will start going back up again.
But just saying it doesn't mean that austerity suddenly goes away.
Labour leader Jeremy Corbyn said in response: "Austerity is not over."
He added: "This budget won't undo the damage done by eight years of austerity."

7. A new tax will be introduced on big tech companies, which would include firms like Google and Facebook. It will come into force in 2020, and will raise about £400m a year.

Read more here

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