Fiscal stimulus
• Overall fiscal stimulus package worth £20bn by April 2010
Tax revenue
• Tax revenue from financial sector down 35% this year
Spending
• Spending worth £3bn on capital projects to be brought forward from 2010-11
Efficiency savings
• Government has achieved efficiency savings of £26.5bn – £5bn over target
• Efficiency savings to total £35bn by 2010-11
Borrowing
• Borrowing to rise to £78bn this year, and £118bn next year
• Debt as a proportion of GDP to peak at 57% in 2013-14
• Government to resume borrowing only to invest by 2015-16
Growth
• Output to fall for first two quarters of 2009 before starting to recover
• Growth for 2009 forecast at between -0.75% and -1.25%
• Growth for 2010 forecast at between 1.5% and 2%
Fiscal rules
• Confirmed abandonment of Gordon Brown's "golden rule". Darling said it would be "perverse and damaging" to apply it in current circumstances
Banking
• Review of financial regulation in crown dependencies like the Channel Islands ordered
Tax
• VAT to be cut to 15% from Monday until 2010
• The increase in income tax allowances announced earlier this year to be made permanent. Allowances to be raised, so this will be worth £145 a year to 22 million basic-rate taxpayers
• National insurance to rise by 0.5% on all rates of national insurance from 2011
• Top rate of income tax to rise to 45% on those earning more than £150,000 – the top 1% of earners – from 2011
Bank lending
• Seven UK banks to get funds worth a total of £1bn to make lending to firms easier
• Another £1bn to be available for lending to small businesses through a temporary small-business financing scheme
• Another £1bn available to support businesses through the export credit guarantee department
Air passenger duty
• Air passenger duty to be reformed so that longer journeys are charged more
Energy efficiency
• Another £150m to be made available to fund energy-saving measures
• Government to consider using legislation to force energy companies to pass on savings when oil prices fall
Housing
• Government to seek EU approval for a scheme that would provide guarantees for mortgage-backed securities
• Lenders have agreed to wait three months after homeowners fall into difficulties before seeking repossession
• Limit at which homeowners can apply for help with mortgage payments if they lose their jobs to be raised to mortgages worth £200,000
• More than £1bn to be made available to increase funding for social housing
Unemployment
• Gordon Brown to chair a new national employment partnership to help the unemployed find work
• Total package of measures to help the unemployed worth £1.3bn
Drivers
• The introduction of the new VED bands to go ahead, but they will be introduced more gradually
• Next year the maximum increase will be £5
• From 2010 the maximum increase per car will be £30, not up to £90 as planned
Families
• Planned increase in the child element of the children's tax credit to be brought forward
• The planned child benefit increase, from £18.80 per week to £20 per week, will come in from January, not April as planned
Pensioners
• Pensioners to get a one-off payment worth £60, on top of their £10 Christmas bonus, in January
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