The last chancellor to deliver ten budgets in a row was in 1822.
Inflation 2% and on target, economy growing at 2.5%
Budget to strengthen Britain for global challenges ahead
Chancellor promises no return to 'boom and bust'
New remit for debt management office.
Official statistics made the responsibility of independent board. New memorandum of understanding between Bank of England, FSA and Treasury
Growth expected to be 2-2.5% in 2006, and 2.75-3.25% in 2007
Britain risen to second among the G7 in national income per head
First fiscal rule met by a margin of £16 billion
Net public investment risen to £26 billion
Net debt fallen to 36.4% of national income, meeting second fiscal rule.
Net borrowing forecast to fall to 1.5%
Rejected representations for third fiscal rule
Single budget for medical research worth £1 billion a year
Simplified process for research funding
More support for science training in schools
To boost creative industries, expanding R&D tax credit by doubling the size of companies able to claim 150% R&D tax credit relief
Review of NI and income tax alignment
New help for working women
Minimum wage increased to £5.35
Introduction of REITS confirmed
Expansion of shared equity schemes
Rejected representations to abolish Climate Change Levy, and levy will increase with inflation from 2007
Will propose fund for developing countries to invest in alternative energy technologies
Creation of national energy and environmental research institute
New incentives to encourage energy efficiency
New fund to promote micro-generation technologies
Zero rate of road tax for lowest emmission vehicles. New band of £210 for most polluting cars
Fuel duty frozen until September 2006
Income tax allowances to rise in line with inflation
Child element of child tax credit increased. Child benefit increased
Child Trust fund to include £250 and £500 at age seven
Tax free childcare voucher to rise
No change on Corporation Tax
Cigarettes, wine and beer to rise in line with inflation. Duty on spirits frozen
ISAs unchanged
Stamp duty exemption threshold to rise to £125,000
IHT exemption threshold increased to £325,000
No expansion in VAT
£200 million to train Olympic athletes
£34 million for new National Sports Foundation
HMRC, Treasury, DWP agree to necessary modernisation through Innovation Fund
Measures to ensure all young people "have the best of chances"
Average investment per pupil in state sector to rise to level of private sector
Free off peak national bus travel for pensioners
Increase in direct payments to schools
You might also be interested in
