National Insurance, benefits and alcohol: Autumn Statement key points

Main rate of National Insurance cut from 12% to 10% from 6 January, affecting 27 million peopleClass 2 National Insurance - paid by self-employed people earning more than £12,570 - abolished from AprilClass 4 National Insurance for self employed - paid on profits between £12,570 and £50,270 - cut from 9% to 8% from AprilLegal minimum wage - known officially as the National Living Wage - to increase from £10.42 to £11.44 an hour from AprilNew rate to apply to 21 and 22-year-old workers for the first time, rather than just those 23 and over

Universal Credit and other working-age benefits to increase by 6.7% from April, in line with September's inflation rateLocal Housing Allowance rates - which determine the level of housing benefit and Universal Credit people receive to pay rent - to be unfrozen and increased to 30% of local rentsWork Capability Assessment to be reformed to reflect availability of home working after Covid pandemicFunding of £1.3bn over the next five years to help people with health conditions find jobsFurther £1.3bn to help people who have been unemployed for over a yearClaimants deemed able to work but refuse to seek employment to lose access to their benefits and extras like free prescriptionsState pension payments to increase by 8.5% from April, in line with average earnings

The independent Office for Budget Responsibility (OBR) expects the economy to grow by 0.6% this year and 0.7% next year, rising to 1.4% in 2025; then 1.9% in 2026; 2% in 2027 and 1.7% in 2028It forecasts that headline inflation - the rate prices are rising - will fall to 2.8% by the end of 2024 and to the Bank of England's 2% target rate in 2025Underlying debt forecast to be 91.6% of GDP next year; 92.7% in 2024-25; 93.2% in 2026-27; before declining to 92.8% in 2028-29Borrowing forecast to fall from 4.5% of GDP in 2023-24; to 3% in 2024-25; 2.7% in 2025-26; 2.3% in 2026-27; 1.6% in 2027-28 and 1.1% in 2028-29

"Full expensing" tax break - allowing companies to deduct spending on new machinery and equipment from profits - made permanentThe 75% business rates discount for retail, hospitality and leisure firms extended for another yearHouseholds living close to new pylons and transmission infrastructure to get up to £1,000 a year off energy bills for a decade