TAX
Personal income tax allowance: To be increased by £1,000 in April to £7,475 - worth £170 a year to basic rate taxpayers. It is expected that 880,000 of the lowest-paid will be taken out of income tax altogether.
VAT: Rate will rise from 17.5% to 20% from January 4, 2011.
Capital GainsTax: To rise from 18% to 28% from midnight for higher rate taxpayers. The "entrepreneurs relief" rate of 10% on the first £2m of gains will be extended to the first £5m.
BUSINESS
From April 2011, the threshold at which employers start to pay National Insurance will rise by the rate of inflation plus £21 per week.
Corporation Tax will be cut next year to 27%, and by 1% annually for the next three years, until it reaches 24%. The small companies' tax rate will be cut to 20%.
ECONOMY
Growth forecast revised down from 2.6% to 2.3% in 2011.
The economy is predicted to grow by 1.2 % this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and in 2015.
Debt to peak in 2013/14 at 70% of GDP.
Unemployment is forecast to peak this year at 8.1% and then fall for each of the next four years, to reach 6.1% in 2015.
Consumer price inflation is expected to reach 2.7% by the end of 2010 before "returning to target in the medium term". The inflation target remains at 2%, as measured by the Consumer Prices Index.
The UK is set to miss the previous government's "golden rule" - of borrowing only to invest over the economic cycle - in the current cycle by £485bn
