TAX

. Corporation tax cut by 2 per cent to 31 per cent from April 1997.

. Foreign income dividends scheme axed from April 8 1999.

. Tax credits paid to pension funds and companies abolished immediately. Charities to have special provisions.

. Corporation tax for small firms cut to 21 per cent from 23 per cent from April 1997.

. 100 per cent tax write-off on production and acquisition costs for British films with budgets of Pounds 15 million or less.

WINDFALL TAX

. Privatised utilities windfall bill formula announced. Projected to raise Pounds 4.8 billion.

WELFARE

. People aged 18 to 25 unemployed for more than six months will be given step on jobs ladders in measures to be announced today. Benefits will be cut if opportunities are not taken.

. Pounds 200 million from windfall tax to help support lone parents.

. Pounds 200 million help for training the disabled.

MOTORING

. Road fuel tax to increase by 4p a litre on all fuels from last night.

. Car tax rises in line with inflation from November 17th.

TOBACCO

. 19p on packet of 20 cigarettes from December 1st.

ALCOHOL

. Duty to rise in line with inflation. From January 1998 bottle of spirits up 19p, pint of beer by lp bottle of table wine 4p higher strength alcohol 1p.

HEAT & LIGHT

. VAT cut on fuel and power from 8 per cent to 5 per cent from September.

HEALTH

. NHS spending up 2.25 per cent over the next year.

. Tax relief on health insurance for over 60s abolished.

. New hospital building programme to be announced soon.

. Insurance companies to pay for treatment of road accident victims.

HOUSING

. Mortgage tax relief to tall from 15 per cent to 10 per cent from April 1998.

. Stamp duty up immediately by 1 per cent to 1.5 per cent on property sales above Pounds 250,000 and to 2 per cent for sales over Pounds 500,000.

EDUCATION

. Extra Pounds 2.3 billion for education.