Chancellor's statement
At-a-glance guide to Gordon Brown's pre-Budget speech
Pensions
Pensions
Winter allowance for pensioners up from £150 to £200.
Penions to rise faster than earnings. Extra £8 for singles, extra £12.80 for couples over next two years.
Credit extended for medium income pensioners.
For poorest pensioners: Minimum pension up to £100 per week (up £14) Couple's pension up to £154 per week.
Transport
Fuel moves for consultation: £55 tax discount now for up to 1500cc cars. Extra 3p cut in cost of ultra-low sulphur diesel. Extra 2p cut in cost of ultra-low sulphur petrol.
Abolish excise duty on farm tractors.
£715 cut in average lorry tax.
£100m for scrapping older lorries.
Foreign lorries to pay special taxes.
Fuel tax duty frozen to April 2002.
Schools
£200m for school repairs.
Up to £30,000 for every secondary school.
Up to £7,000 for every primary school.
Inner cities
Stamp duty abolished in poor areas.
Employment
VAT simplified for smaller firms.
Extend tax-relief for employee share option schemes.
250,000 young people to go on to New Deal.
Families
Children's tax credit up from £8.50 to £10 per week.
Extra 150,000 lone parents on New Deal programmes.
Tax-free limit on ISAs up £2,000.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments