Chancellor of the Exchequer Gordon Brown rose to deliver his 10th Budget speech to the House of Commons at 12.31 pm.
* Mr Brown said inflation is currently 2% and on target and in the last quarter the economy grew at an annual rate of 2%.
* Inflationary targets have been met every year since 1997 and the five- and 10-year targets are expected to be met.
* Long-term interest rates are the lowest for 40 years at 4%.
* Britain to have the most up-to-date early warning and response system to risks of financial insecurity.
* Public sector pay settlements for this year will average 2.25%.
* Growth will be 2%-2.5%, followed in 2007-08 by growth of between 2.75% and 3.5%.
* Domestic demand is expected to grow this year by 2%-2.5% and 3%-3.25% in 2007-08.
* Since 1997, economic growth has averaged 2% in the euro area, but 2.8% in Britain.
* The Government will meet its first fiscal rule, the Golden Rule, by a margin of #16 billion in the period up to 2010-11.
* Net borrowing will be #37 billion, #36 billion next year, then #30 billion falling to #25 billion, #24 billion and #23 billion in the years to 2010-11.
* Net borrowing will fall from 2.4% of national income to 1.9% and in successive years, 1.6%, 1.6%, 1.6% and 1.5%.
* A single budget for the Medical Research Council and NHS research will be worth at least #1 billion a year.
* A new programme will recruit 3,000 science teachers and funding will be provided for after-school science clubs in 250 schools.
* In the next two years, business investment will grow faster than the economy at 4.5% to 5.25% a year in 2007 and 2008, rising to #126 billion in 2008.
* Research and development tax credit to be expanded by doubling from 250 to 500 employees the size of companies eligible for higher credit.
* New targets for expanding trade with China, India and other emerging economies.
* A review into better alignment of the National Insurance and Income Tax systems for low-paid workers.
* #100 million of new money to double enterprise capital funds.
* Formation of a national enterprise network of more than 200 schools and new scholarships to American universities for young British students.
* By 2020, the British economy will need 14 million highly-skilled workers. There are now 9 million.
* New Deal for Skills and Jobs.
* New help for working women who want a wider range of career choices offering higher earnings.
* Local communities should retain more of the planning gains generated in their area.
* #970 million for shared equity to help 35,000 new home-owners.
* For 2007, climate change levy to be indexed in line with inflation.
* Britain to propose World Bank 20 billion US dollars fund to help developing economies invest in alternative energy.
* New energy and environmental research institute to be created in partnership with energy companies.
* Initial sum of #20 million seed-corn finance for the first enterprise capital fund for the environment.
* 250,000 more homes to be given help with insulation.
* New #50 million fund for micro-generation technologies making it possible for homes and firms to generate renewable energy.
* Zero rate of Vehicle Excise Duty for a small number of cars with the lowest carbon emissions, and #40 duty for cars with low emissions.
* From today, VED rates will be zero, #40 and then #100, #125, #150, #190 and a new band of #210 for new cars that are the most polluting.
* The duty paid on 50% of cars will be frozen or reduced from tomorrow.
* Fuel duties to be frozen until September 1.
* Personal tax allowance raised from #4,895 to #5,035.
* Child element of child tax credit to be raised by 14% over the next three years.
* Child benefit to be increased on April 10 to #17.45.
* Child Trust Fund payments of #250 and #500 at age seven for those with existing accounts.
* Tax-free childcare voucher to be increased from #50 to #55 a week.
* Corporation tax rate unchanged.
* 9% duty increase on packet of cigarettes from tomorrow, duty on spirits frozen.
* From midnight on Sunday, 1p on a pint of beer, duty on champagne and cider frozen.
* Duty-free allowance for goods from outside the EU proposed to rise to #1,000.
* Exemption on stamp duty raised to #125,000 and inheritance tax exemption raised over the next four years from #275,000 this year to #325,000.
* Funds allocated towards a memorial to victims of July 7 London bombings.
* Initial endowment of #1 million for a new charitable fund to support British citizens injured in or affected by terrorist acts at home and abroad.
* Additional #800 million for armed forces and additional #200 million to promote peace-keeping in the most troubled countries of the world.
* #200 million of public money for training world-class sportsmen and women of the future, to be matched by #100 million of private sponsorship.
* A schools Olympics to be held each year from now until 2012.
* #34 million for a new National Sports Foundation.
* Olympic trust fund for nationwide sports and cultural events taking place during London's 2012 Olympics.
* Total Government asset sales by 2010 of #30 billion.
* Government will move ahead in the coming year with the sale of the Tote.
* Spending review for HM Revenue and Customs, the Treasury, Department of Work and Pensions and the Cabinet Office will proceed on the basis of minus-5% a year in real terms below 2007-08.
* Further education to A-level standard free of charge for students up to the age of 25.
* Further education reforms to be matched with #500 million of capital investment.
* Over five years, investment in schools will rise from #5.6 billion today to #8 billion a year.
* The number of Community Support Officers to rise from 6,000 to 16,000 by April next year, costing #100 million.
* From April 2008, free off-peak national bus travel in every area of the country for pensioners and the disabled.
The Chancellor sat down at 1.32pm.