The Budget.....Just the basics.....For now.

[SOD'EM]

Savings, Banking & Investments Banking

• Basic bank accounts will be made available to all.
  
• A new credit complaints service with the legal power to investigate and overturn declined credit applications is to be created.
  

ISAs

• ISA allowances will be increased annually in line with inflation.
  
• As planned, ISA allowances will increase to £10,200 for all on 6th April 2010.
  

Housing Stamp duty

• Stamp duty limits will double to £250,000 for all first time buyers.
  
• Stamp duty on properties sold for over £1million will rise to 5%.
  

Mortgage Support

• The Support for Mortgage Interest scheme will be extended for another 6 months at the higher rate.
  

Alcohol & Tobacco Alcohol

• Alcohol duty will increase by 2% a year until 2013 from midnight on Sunday.
  
• Duty on cider will increase by 10% above inflation from midnight on Sunday.
  
• A further increase in duty on strong cider will be introduced but the amount has not yet been confirmed.
  

Tobacco

• Tobacco duty will increase by 1% today then 2% above inflation each year from next year.
  

Transport Fuel

• The increase in fuel duty planned for April will instead be introduced in stages.
  
• Duty on fuel will increase by 1p/litre in April, 1p/litre in October and 0.76p/litre in January 2011.
  

Tax Income Tax

• The 50% tax for those earning over £150,000 a year will be introduced as planned.
  
• Individuals earning over £100,000 per annum will see the value of their personal allowances gradually removed.
  

Other Tax

• Inheritance Tax thresholds will be frozen for a further 4 years.
  
• No increase in Capital Gains Tax.
  
• Tax information agreements will be signed with Dominica, Belize and Grenada.
  

Employment & Education Employment

• The scheme that guarantees training or employment to all individuals under the age of 24 who have been unemployed for 6 months or more will be extended until March 2012.
  

Education

• 20,000 additional university places will be created for those wanting to study maths, science and technology.
  

Tax Credits & Allowances Tax Credits

• Child tax credits for children aged 1 and 2 years old will increase by £4 per week from 2012.
  
• Individuals aged over 60 will need to work fewer hours before they can claim working tax credits.
  

Allowances

• Winter fuel allowance increase (£250 for those over 60 and £400 for those over 80) will be extended for another year.