3 Shares that Could Benefit from the Autumn Statement

Tax breaks for air passengers under 16, annuities and home buyers all helped boost a selection of listed stocks - while banks and tech companies were hit with bigger taxes

Emma Wall 4 December, 2014 | 1:13PM

Savers and home buyers received a boost in yesterday’s Autumn Statement, with promises of tax cuts boosting the private purse. But it wasn’t just consumers who benefitted from George Osborne’s measures, several stocks bounced – and fell – as the Chancellor revealed his plans.

It was bad news for banks, as they will no longer be able to write off taxes against losses - a tax measures predicted to raise £4 billion over the next five years. Bank shares including Royal Bank of Scotland (RBS) fell at this news.

But stamp duty has been revolutionised, with a new system akin to the income tax thresholds introduced from midnight last night meaning 98% of home buyers will pay less stamp duty. Housebuilder stocks jumped after this announcement.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
easyJet PLC587.20 GBX6.45
Just Group PLC45.86 GBX1.91
Persimmon PLC2,456.00 GBX1.07
The Royal Bank of Scotland Group PLC111.95 GBX-0.44

About Author

Emma Wall  is former Senior International Editor for Morningstar

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