Here are all the key facts from yesterday's "tough but fair" Budget.
Capital gains tax (CGT) will rise to 28% for higher earners from midnight tonight, but the rate for basic rate income taxpayers will stay the same.
George Osborne said CGT for the majority of people would remain unchanged at 18%.
The Chancellor said he had considered taper relief but that it was "too complicated". See story...
Osborne has raised VAT from 17.5% to 20%.
The Chancellor said the rise will come in on 4 January 2011, with exemptions for items such as food, childrens clothes, newspapers and books.
This will create £13bn in extra revenues for the year, the Chancellor said. See story...
George Osborne has given British business a boost by introducing four annual reductions in the rate of corporation tax.
This will eventually take the rate down to 24% from its current figure of 28%, he said.
Osborne said the current rate of 28% is "less and less competitive" and the new rate will mean the UK will have one of the most competitive rates of the G20 countries and nations in Western Europe. See story...
Chancellor George Osborne lowered the UK's economic growth forecast for the next five years.
Unveiling what he called an "unavoidable" Budget, Osborne said economic growth this year would be 1.2%, in line with Darling's forecasts in March of between 1% and 1.25%.
But, in 2011, Osborne said growth would be 2.3%, much lower than Darling's estimate of between 3% and 3.5%. After that, GDP growth will be 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and 2015. See story...
The UK's planned gilt sales in 2010/11 have been revised down by £20.2bn to £165bn due to the Government's debt reduction programme outlined in the Budget.
In April, the total gilt issuance for this financial year was projected to hit at £185.2bn. See story...
The Government will scrap the rule which creates an effective obligation to purchase an annuity by age 75.
The Treasury says it would scrap the so-called age 75 rule from April 2011. It said a consultation on the detail of this change would be launched shortly. See story...
Chancellor George Osborne has clamped down on the UK banking sector with a new tax on profits.
The levy will raise £2bn a year in the form of a tax on banks in proportion to the size of their balance sheets. See story...
VCTs and EISs
The Government is to introduce the final changes to VCTs which were agreed with the European Union.
Today's Emergency Budget sets out the four changes which will be included in a Finance Bill to be introduced as soon as possible after Parliament's summer recess. See story...
"Mr Deputy Speaker. This emergency Budget deals decisively with our country's record debts. It pays for the past. And it plans for the future." See story...
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits