Budget 2010: No change on VAT, NI, Income tax

In today's Budget, the Chancellor confirmed already-announced plans he will increase income tax for high earners and add 1% to NI. Despite speculation he would increase VAT to 20%, Alistair Darling says he will not make any change to the current 17.5% rate. The new taxes will largely affect those earning over £100,000, the top 2% on earners. Darling says tax increases for the wealthy are not "driven by dogma or ideology".