Budget 2012: LIVE

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Keep up to date with all the key points from the Chancellor's Budget as they happen.

We will update this page every few minutes. You may need to manually refresh to get the latest measures 13.32 Signing off his third Budget, Osborne says the government has not ducked difficult choices and tackled the challenges of the time "head-on". 13.32 Personal allowance now - another hotly debated subject in the build up to today's Budget.  Chancellor announces the point at which people begin paying income tax will rise to £9,205 from next April in a widely expected move. He claims two million people will be taken out of the tax system as a result.  Loud cheers from the House. ...

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