Winners and losers from the autumn Budget 2021 – and what it means for your money – Telegraph.co.uk

Short-haul fliers

Air passenger duty on domestic flights will be halved benefitting those travel large distances within the UK. Air Passenger Duty is a levy paid by airlines, but ultimately funded by passengers through the cost of their tickets, meaning domestic flights will become cheaper.

Low earners who save in a pension 

An anomaly that means low earners don’t get tax relief on their pension savings has been removed. More than a million savers will benefit from this solution to the “net pay” problem by an average of £53 a year.

Builders

The Chancellor has ring fenced £65m to take the planning regime digital and improve “certainty” for homeowners and developers. It has also allocated £65m in the next tax year to increasing caseworker capacity at the Land Registry, which has been plagued by delays this year.

Talk of a new digital planning system has been in the works for a while, but this is the first time specific funding has been allocated. The Government said it hoped a digital system would ensure “better outcomes for the environment, growth and quality of design”.

Lawrence Bowles, of the estate agency Savills, said a digital planning system would hopefully reduce the number of decisions appealed in an already backlogged system.

“It will ultimately mean there is better information available to developers and planning officers. Hopefully it will mean planning is less of an obstacle to building the homes we need,” he said.

The lower-paid

The National Living Wage, also known as the minimum wage, will increase to £9.50 an hour from £8.91 – an increase of £1,000 a year for a full-time worker. Around 2.5 million people will benefit. 

Public sector workers

Around five million public sector workers will get a pay rise as the freeze in pay announced during the pandemic ends. 

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