ECONOMY Growth:Gross domestic product growth is forecast at 2.5-3 per cent in the next two years.
Inflation:Forecast to fall to 2 per cent this year and will be on target in 2008-09.
Public finances:Chancellor forecasts £11 billion surplus in the current economic cycle.
Investment:Up 6 per cent in the last year, business investment up 7 per cent and inward investment up 10 per cent.
Public debt:Net borrowing for this year to total £35 billion followed by £34 billion next year, then £30 billion, £28 billion and £26 billion. Net borrowing this year stands at 2.7 per cent of national income, then 2.4 per cent in 2008, 2 per cent in 2009 and 1.8 per cent in 2010.
Government spending:Capital expenditure to reach £43 billion this year, then up to £48 billion in 2008, £52 billion in 2009, £55 billion in 2010, £57 billion in 2011 and £60 billion by 2012. Total public spending to reach £674 billion by 2010-11. Total expenditure to be £552 billion this year, followed by £587 billion, then £615 billion, £644 billion and £674 billion.
Asset sales:Extra asset sales over next four years to release £36 billion.
INCOME TAX
Basic rate cut by 2p from 22p to 20p from next April.
Top rate of income tax to be applied from earnings of £43,000 rather than from £38,000. Scrapping of 10p band from April 2009.
Capital gains tax allowance rises from £8,800 to £9,200 this year.
Tax credits:Working tax credit up by £1 billion per year. Level at which family with two children pay tax is now at £22,500 and set to rise to £24,250 by 2009.
BUSINESS
Corporation tax:rate to be cut from 30p to 28p from April 2008.
Small business tax:Up from 20p to 22p in the pound by 2009.
Investment:Small firms able to claim 100 per cent tax relief for new capital investment up to £50,000.
Industrial buildings:Phasing out of relief intended for industrial buildings .
Long-life assets:Annual relief for long-life assets to be raised from 6 to 10 per cent.
ENVIRONMENT
Tax on the highest polluting vehicles or 4x4s up to £300 immediately and £400 next year. Tax cut for low-emission vehicles from £50 to £35.
VAT to be cut from 17.5 per cent to 5 per cent on environmental products for the home. Landfill tax up £8 per year from next year until 2011.
New "zero carbon" homes worth up to £500,000 to be exempt from stamp duty until 2012. Insulation grants worth up to £4,000 to be offered.
MOTORISTS
Annual increase in fuel duty suspended until October. Mr Brown to raise fuel duty by 2p a litre in 2008 and by 1.8p in 2009.
EMPLOYMENT
Jobs growth:Mr Brown says 220,000 new jobs created in the UK in the past year and that there are 2.6m more people in work since 1997.
Training:Small businesses to get £2,000 or £3,000 for training out-of-work young people.
ALCOHOL
Beer up 1p per pint from midnight on Sunday, cider up 1p per litre. Wine up 5p a bottle and sparkling wine up 7p. No change for spirits.
TOBACCO
The price of a pack of 20 cigarettes to rise by 11p from midnight tonight. Value-added tax on nicotine replacement products cut from 17.5 to 5 per cent.
INHERITANCE TAX
Inheritance tax allowance to rise from £285,000 to £350,000 by 2010.
National Insurance Contributions:
National insurance ceiling set at £43,000, the same level as the new top rate of income tax.
OTHER TAXES
Gaming duty to be aligned to 15 per cent of profits.
Tax revenues from North Sea oil forecast to fall by £4 billion per year.
WELFARE
Child benefit for the first child up 15 per cent by 2010 to £20 per week.
PENSIONERS
Tax-free allowances for over 75s set to rise annually from £7,420 to £10,000 by 2011. Couples under 75 will have a tax-free married allowance up to £19,540. - (Financial Times service)
