budget

As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions.

The individual inheritance tax (IHT) allowance has been frozen at £325,000.

The UK's net debt will rise to 78% of GDP over the next five years, according to Alistair Darling.

The Chancellor says he is confident the UK's economy will boom in 2011 after returning to growth in 2010.

The Chancellor will cut the official economic forecast for 2009 to around -4.75%, from the Budget's forecast of a 3.5% contraction, according to Treasury sources.

The Queen has revealed details of the Fiscal Responsibility Bill today, designed to cut Britain's growing budget deficit.

The next Pre-Budget Report will be published on Wednesday 9 December, the Chancellor has confirmed.

With taxes likely to increase, irrespective of the Government in power, Martin Morris considers the vehicles to mitigate a future hit.

The credit crunch has cost world governments a combined total of over $10trn in support for financial institutions, according to the International Monetary Fund (IMF).

This year's budget did little for insurance