Public Sector Pay

Frozen at 1 per cent for the next four years. Coupled with tax credit cuts, takes low-paid workers in the sector into deep crisis and drive staff out of NHS and public sector generally.

Winners: None

Losers: Tens of thousands of low-paid public-sector workers

Child care

THREE to four 30 hours free childcare for three and four-year-olds sounds good, but will mean parents forced to look for work from September 2017.

Winners: Parents lucky enough to find work

Losers: Parents who can’t find work

Insurance tax

Government expects to raise an extra £1.4 billion a year from 2016 from rise in insurance premium tax. British Insurers reckons that will mean home insurance going up by £9 a year and car insurance by £12 a year. AA warns increase on the average car insurance policy is equivalent to a fuel duty increase of almost 2p per litre.

Losers: Damn near everyone

Corporation tax

CUT to 19 per cent in 2019 and 18 per cent in 2020 means effectively that the taxpayer coughs up for the much-vaunted working wage of £9 per hour by 2020. Will supply billions in extra profits for corporations and reduce the tax take hugely.

Winners: The filthy rich

Losers: The rest of us

Defence

Up by £1.5 billion per annum. Government pledges to match Nato 2 per cent contribution level. No Morning Star reader needs the downside of this explained!

Losers: The whole country and the world

Council housing

Means-testing tenants to ensure that more than 340,000 households earning at least £30,000 annually — or £40,000 in London — will be forced to pay full market rent. Expected to raise up to £250m a year by 2018-19 from rent rises of up to £70 per week.

Winners: Nobody

Losers: Tenants earning over £30,000

Employment support allowance

THOSE in “work-related activity” faced with cuts up to £30 a week, because the Chancellor levelled ESA with jobseekers allowance.

Winners: Nobody

Losers: Disabled people trying to support themselves