Chancellor is cancelling September fuel duty increase.
Tax-free child care vouchers worth £1,200 per child. Also, increased support for families with children on universal credit.
Tax-free child care being announced...more shortly.
Corporation Tax is being cut to 20% from April 2015. Whitehall department budgets to be cut by 1% after £11bn underspend.
- More generous shareholder status
- CGT relief for sales of business to workers
- Tax help to return to help after sickness
- A doubling to £10,000 for tax free loans for commuters' season tickets
Public pay sector increases limited to 1% in 2015/16
"We will make difficult decisions so that Britain can live within its means".
Osborne: "Budget is for people who aspire to own their own home, start their first job or own their own business".
Osborne: "This is a budget for people who aspire to work hard and get on."
Speaking during Prime Minister Questions, ahead of the Budget statement, David Cameron said: