Hammond says end of austerity is in sight as he boosts spending

Increases for universal credit, defence and schools in budget alongside digital services tax

Philip Hammond claimed that "austerity is coming to an end" as he took advantage of better-than-expected tax revenues to promise a 30bn boost in public spending by 2024.

The chancellor used a 71-minute budget speech to announce immediate short-term increases in spending on universal credit, defence and equipment for schools.

Related: Key points from budget 2018 - at a glance