Budget 2010: Special supplement

Everything you need to know – but are afraid to ask – about the toughest Budget for decades

Tuesday 22 June 2010 23:57 BST

(Dave Brown)

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The Speech

John Rentoul: The true meaning of the Chancellor's emergency budget

Taxation

Value Added Tax: Hike in VAT will hit consumers at the tills, in pubs and at the pump

Capital Gains Tax: Second-home owners are spared punitive rise

Household Finance

Lower income households: Increase in personal tax allowances for the poor offset by other measures

Higher income households: No escape for the rich from Conservative cuts

Pensioners: Support for old ‘still lowest in Western world’

Welfare

Benefits: £11bn of cuts ‘will push many households over the edge