Chancellor Alistair Darling Budget today unveiled a Budget he said would secure economic recovery and tackle borrowing.
He claimed Labour had made the "right calls" in dealing with the worst recession for 60 years. And, emphasising a key theme of the forthcoming General Election, he said: "At the heart of our decisions is a belief that Government should not stand aside, but instead help people and business achieve their ambitions."
He said borrowing was lower than forecast last year, adding: "The task now is to bring down borrowing in a way which does not damage the recovery or the front-line services on which people depend."
He announced a £2.5 billion one-off growth package.
And he revealed that the one-off 50 per cent tax on the "excessive bonuses" of bankers had already raised £2 billion, more than twice as much as forecast.