Budget 2018: New 'Digital Services Tax' could hit Wiggle-CRC

The Chancellor is to announce a £28 billion investment plan for the road network

The Chancellor is to announce a £28 billion investment plan for the road network

He also said prisons, schools and local authorities would not have much to celebrate about the new budget and should be preparing for more hard years ahead.

And Tottenham MP and former culture minister David Lammy said: "We should not be supporting tax cuts that disproportionately help the wealthy". "Now we must pull together to build the bright, prosperous future that is within Britain's grasp, if we choose to seize it".

Mrs May says she is not planning to have a snap General Election as had been speculated, as it "would not be in the national interest".

The move backfired when the Conservatives lost their majority in Parliament, leaving May atop a minority government whose fragility has complicated divorce negotiations with the EU.

He said: "I think people will be crushingly disappointed at yesterday because it certainly wasn't the end (of austerity)".

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But there was a warning Scots earning more than the higher rate threshold north of the border - now set at £43,430 - and less than the United Kingdom threshold, which rises to £50,000 next April, could "face a very high marginal rate of earnings taxation of 53% over an increasingly large proportion of income".

Under Mr Hammond's Budget plans the personal allowance, which is the maximum amount someone can earn before paying tax, will rise to £12,500 from £11,850.

"On public services the NHS saw a big spending boost - but unprotected departments still have further cuts penciled in".

Mr Mackay said: "With the UK Government's preferred approach to Brexit set to hit people's incomes in Scotland by £1,600 a head, the changes in this year's Budget do nothing to alleviate the impact Brexit will have".

"This week he [Mr Hammond] announced a Brexit dividend budget if we come out of the European Union with no-deal".

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The announcement comes after the Treasury rejected a call from the Public Accounts Committee to calculate the returns investors have made from Private Finance Initiative projects, saying that the cost of the exercise would be too high.

The changes had been due to come into force in 2020.

It went on to warn Scottish taxpayers could "face a very high marginal rate of earnings taxation of 53% over an increasingly large proportion of income".

He also promised extra funding for health and social care - confirming extra cash for mental health services and £650 million for English councils struggling to cope with rising care bills.

"But what the OBR gives the OBR can take away".

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Britain has introduced a new digital services tax that is aimed at taxing revenue generated by online platforms such as Google, Amazon and Facebook in the country.

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