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| Brown hails UK economic strength | Brown hails UK economic strength |
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| Chancellor Gordon Brown has hailed the longest period of economic growth in Britain's history as he delivers his eleventh Budget speech in the Commons. | Chancellor Gordon Brown has hailed the longest period of economic growth in Britain's history as he delivers his eleventh Budget speech in the Commons. |
| He said his 11th Budget, expected to be his last, was one for "prosperity and fairness for Britain's families". | He said his 11th Budget, expected to be his last, was one for "prosperity and fairness for Britain's families". |
| He said inflation would fall to 2% and continue falling while growth in 2008 and 2009 would be between 2.5% to 3%. | He said inflation would fall to 2% and continue falling while growth in 2008 and 2009 would be between 2.5% to 3%. |
| Mr Brown, expected to take over from Tony Blair as PM, cut corporation tax from 30p to 28p in a boost for firms. | |
| He said this was the lowest corporation tax level among any of the UK's competitors, including America. | |
| Mr Brown told the Commons the British economy was growing faster than all the other G7 economies. | |
| In this economic cycle, current spending and revenues show a surplus of £11bn, which the chancellor said met his Golden Rule. | |
| Mr Brown said: "My report to the country is of rising employment and rising investment; continuing low inflation, and low interest and mortgage rates. | |
| "This is a Budget to expand prosperity and fairness for Britain's families - and it is built on the foundation of the longest period of economic stability and sustained growth in our country's history." | |
| He said more cash would be made available for public services from efficiency savings and the £36bn sale of government assets, ahead of the publication of the Comprehensive Spending Review, which will take place in the autumn rather than July as previously expected. | |
| For the coming year, cash for investment and reform in the NHS in England will rise by £8bn, said Mr Brown. | |
| In the whole of the UK, total additional NHS expenditure to rise by almost £10bn, he said. | |
| Intelligence and counter-terrorism will receive an additional £86m for the coming year. | |
| He announced what he said was a 25% increase in science funding. | |
| Budget changes will be broadly neutral for public finances. | |
| Mr Brown is seeking to regain the initiative after a senior civil servant accused him of "Stalinist ruthlessness". | |
| Mr Brown was reported to be "incandescent" with rage after the criticism from former head of the civil service, Lord Turnbull on Tuesday. | Mr Brown was reported to be "incandescent" with rage after the criticism from former head of the civil service, Lord Turnbull on Tuesday. |
| BUDGET POSSIBILITIES Tax breaks for green homeownersStamp duty threshold raisedInheritance tax tightenedExtra money to tackle child povertyState pension increase (already announced)ISAs to continue beyond 2010 (already announced) The Budget: What we know Read our Budget blog | BUDGET POSSIBILITIES Tax breaks for green homeownersStamp duty threshold raisedInheritance tax tightenedExtra money to tackle child povertyState pension increase (already announced)ISAs to continue beyond 2010 (already announced) The Budget: What we know Read our Budget blog |
| The Budget comes after a week which has also seen an increase in inflation and poor opinion polls for Labour. | The Budget comes after a week which has also seen an increase in inflation and poor opinion polls for Labour. |
| There is speculation he will unveil a cut in business taxes and unveil extra help for pensioners to pay council tax bills. | There is speculation he will unveil a cut in business taxes and unveil extra help for pensioners to pay council tax bills. |
| But education is likely to be the main winner, with extra cash to help fulfil Mr Brown's ambition of closing the gap on spending per pupil between state and private schools. | But education is likely to be the main winner, with extra cash to help fulfil Mr Brown's ambition of closing the gap on spending per pupil between state and private schools. |
| According to The Guardian, Mr Brown will also unveil an extra £1bn in tax credits to alleviate child poverty. | According to The Guardian, Mr Brown will also unveil an extra £1bn in tax credits to alleviate child poverty. |
| There could also be tax breaks for homes which use solar panels and wind turbines and a doubling of road tax to £400 a year for the most polluting vehicles. | There could also be tax breaks for homes which use solar panels and wind turbines and a doubling of road tax to £400 a year for the most polluting vehicles. |
| HAVE YOUR SAY Whatever happens, one thing will be the same: The UK is becoming far too expensive to live in. Ali, Machynlleth Send us your comments href="http://newsforums.bbc.co.uk/nol/thread.jspa?threadID=5821&edition=1&ttl=20070321121538">What has Brown achieved? | |
| The chancellor may also tighten the rules on inheritance tax and with property prices continuing to rise and act on the issue of stamp duty - currently charged on properties priced above £125,000. | The chancellor may also tighten the rules on inheritance tax and with property prices continuing to rise and act on the issue of stamp duty - currently charged on properties priced above £125,000. |
| It is expected to be the chancellor's final budget - if he takes over from Tony Blair, as expected, within the next few months. | It is expected to be the chancellor's final budget - if he takes over from Tony Blair, as expected, within the next few months. |
| Mr Blair has said he will step down by September, and is expected to announce his resignation shortly after the Scottish and Welsh elections on 3 May. | Mr Blair has said he will step down by September, and is expected to announce his resignation shortly after the Scottish and Welsh elections on 3 May. |