Live Report as the Chancellor of the Exchequer, Gordon Brown, delivers his eighth annual Budget statement.
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# UK has been tested by both domestic and global pressures.
# On course to meeting inflation target of 2%.
# House prices moderated to 3%.
# Inflation lower than the US and the EU and on course to meet inflation target this year, next year and the year after.
# 34th continued quarter of growth. Growth this year would be 1.75%. Forecast growth would be 2-2.5% in 2006 and 2.75-3.25% in 2007 and 2008.
# 5th successive year of growth - higher than European Union. Business investment will increase by 3%.
# Exports to increase by 5% this year a...