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By freezing fuel duty for the seventh year running, the UK government will help save the average driver in Wales up to £10 every time they fill up their car. The National Living Wage is increasing from £7.20 to £7.50.
But growth remains positive and employment continues to rise in each of the next 5 years, with half a million more people forecast to be in work by 2021.
Once £12,500 has been reached, the personal allowance will rise automatically during the 2020s in line with inflation, rather than the National Minimum Wage as currently planned.
How this increase in funding will be allocated will be decided by Northern Ireland Ministers, and will be set out by the Finance Minister when he presents his budget to the Northern Ireland Assembly next month.
To support savers, NS&I will offer a new three-year Investment Bond with an indicative rate of 2.2% from spring 2017. The bond will offer the flexibility to put away between £100 and £3,000 and be available to those aged 16 or over.
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