- My Account
- Logout
- Register
- Login
The Budget at a glance
Related Articles
22 April 2009
* The Chancellor rose to deliver his Budget at 12.31pm.
* Mr Darling expects the economy to begin to grow again by the end of this year.
* Total policy support for the UK economy is expected to protect up to 500,000 jobs.
* Forecast for GDP growth in 2009 is minus 3.5%.
* Growth of 1.25% forecast for 2010.
* From 2011, growth of 3.5% per annum forecast.
* Inflation expected to continue to come down sharply, to 1% by the end of the year.
* Deficit expected to halve in four years.
* Extra £1.7 billion for Job Centre Plus network.
* From January, everyone under 25 and out of work will receive a job or training.
* Pledge to create 250,000 extra jobs and £260 million extra for skills and training.
* For the next two years, £250 million and then £450 million to maintain 54,000 sixth form places.
* More help for homeowners out of work to reduce repossessions.
* Stamp duty holiday on homes up to £175,000 extended to end of year.
* Loss-making firms can reclaim tax on profits from past three years.
* Car industry scrappage scheme of £2,000 for cars over 10-years-old from next month to March 2010.
* Budget measures represent fiscal easing of 0.5% of GDP this year.
* Public sector borrowing to hit £175 billion this year - 12% of GDP - but to fall to 9.1% in two years.
* From April 2011 pension tax relief restricted for those on incomes over £150,000.
* No income tax increase this year, but the planned new top income tax rate of 45% on incomes above £150,000 will be increased to 50% and take effect from next April - a year early.
* Fuel duty will increase by 2p per litre in September and then by 1p a litre above indexation each April for the next four years.
* Alcohol duties will go up by 2% from midnight tonight. There will be an increase in tobacco duty of 2% from 6pm tonight. These measures will raise over £6 billion by 2012.
* £5 billion further efficiency savings in public services, rising to £9 billion by 2013/14.
* Capital investment to continue until the London Olympics, and to be 1.25% of GDP after 2013.
* Extra £1 billion to help climate change measures.
* £50 million to modernise armed forces housing.
* North Sea oil exploration incentives.
* Main capital allowance for firms doubled to 40%.
* Extra funding to extend broadband network.
* £750 million strategic investment fund announced to help emerging technologies.
* World's first carbon budget - £435 million extra for energy efficiency measures for businesses and homes.
* £525 million new funds and support for offshore wind projects.
* £4 billion more for renewable energy projects.
* New power plants exempt from climate change levy from 2013.
* From April next year, child element of child tax credit up £20.
* Grandparents who are carers of children will see that work qualify towards state pension.
* Pensions will rise in real terms.
* Winter fuel allowance for pensioners to be maintained.
* Capital disregard on Pension Credit to be raised from £6,000 to £10,000 from November.
* ISA savings tax free limit raised to £10,000 (£5,100 in cash) for over-50s this year and for everyone else next year.
* The Chancellor sat down at 1.21pm.
Comments
Top stories in News
Top stories in News
-
London gets ready for the Diamond Jubilee - in pictures
-
EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
-
Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
-
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
News pictures of the day
-
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
‘We will form a human barricade to keep missiles off our homes’
-
Regent’s Park rapist: Teenage jogger assaulted by stranger in terrifying 7am attack
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
A home to be proud of with Halifax
Download the Halifax's brilliant, free new Home Finder app, and take all the pain out of finding your dream home.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Celebrate with MARTINI®
This weekend toast one royal with another and make your Jubilee sparkle with a MARTINI Royale.
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Why I think doctors are right to strike
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning
Eton schoolboys fly Games flag on Everest
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
Shrimpy's - review