Queen's Speech ticklist

Personal allowance to rise to £12,500

Higher rate threshold moving to £50,000

Ban on increases in main income tax, National Insurance and VAT rates

Scotland set own income tax rates and bands, plus VAT and housing benefit powers

Double free childcare to 30 hrs

Confirm tax break on paid-for childcare

Right to Buy for 1.3m housing association tenants

Reduce benefits cap to £23,000

No housing benefit if under 21

Will the government:

*Mention inheritance tax (the promise to let couples pass on a £1m home)  Benefit cuts
*Give further signals about how benefit cuts will be achieved
*Re-confirm triple lock on state pension increases

8 million face state pension cut

The Queen's Speech mentions the forthcoming Pensions Bill which will set a much earlier date for the planned rise in state pension age to 67.

So it's worth recapping what the effect of the change will be.

*Pension age would go up from 66 to 67 between 2026 and 2028, rather than 2034 to 2036.

*8 million people would be affected, those born between 6th April, 1960 and 5th April 1969.

*They'd lose up to 4% of the pension income they might expect over their lifetimes.

*The Department for Work and Pension would save £58.9bn and there'd be a gain of £9.7bn from tax and National Insurance as people had to work a year longer.

All this is from the DWP's own analysis.