Today's budget at a glance

All the announcements made by Treasury Minister Chris Thomas during this morning's budget.

Personal tax:

£2,250 rise for individuals to £17,000

£4,500 rise for jointly-assessed couples to £34,000

Higher rate frozen at 21%, payable on income over £23,500

Maximum deduction for nursing expenses rises from £12,500 to £15,000

TT Homestay tax allowance rises from £2,350 to £2,500.

National Insurance:

Class 1, 2 and 3 thresholds and Class 4 Lower Profits Limit rise by 4.8%

No rise in employers’ National Insurance contributions

Benefits and pensions:

Most benefits rise by inflation

Reciprocal benefits rise by 3.8% (UK CPI)

All others rise by 2.9% (Isle of Man CPI).

Basic State Pension and Manx State Pension rise by 4.8%

Spending:

Government revenue spending: £1.47 billion (£18,280 for every person on the Island)

£45 million extra for Department of Health and Social Care

£6.2 million extra for Department of Education, Sport and Culture (£2 million to maintain and replace buildings/ property)

£5.8 million extra for Department of Home Affairs

£2.8m extra Department of Infrastructure

£90.2 million capital programme for critical national infrastructure

£2.6m spent over three years improving facilities at the National Sports Centre to prepare for 2029 Island Games

£900,000 on running track £850,000 on Bowl all-weather pitch, £880,000 on the NSC main building

£6 million for police, ambulance  and fire vehicles

£2.5 million over five years to replace emergency services equipment

£660,000 refurbishing Ronaldsway’s main terminal

£335,000 for airport tower improvements

£200,000 for airport drainage

£200,000 on plans to extend Ronaldsway’s passenger holding area

£2.5 million for Transformation Fund for efficiency, cost-saving and streamlining schemes

£5 million for Digital Projects Fund for modernisation projects

£8.5 million extra for Housing Deficiency Fund for local authority housing schemes

£1 million extra for Housing and Communities Fund

£2 million extra for Project Development Fund

£5 million extra for transforming the health service

£5 million extra support for agriculture industry

Reserves to rise from £1.95 billion to £2.22 billion by 2031