BUDGET 2005 Read the Budget report in full Most computers will open PDF documents automatically, but you may need to download Adobe Acrobat Reader. Download the reader here

Taxation

• Stamp duty thresholds doubled to �120,000

• Inheritance tax currently starts being paid on estates worth �260,000 - that will rise to �275,000 this year, �285,000 next year and then to �300,000

• Income tax and national insurance to remain unchanged

• Petrol duty inflation rise postponed until 1 September due to high oil prices

• Mr Brown said he would freeze: corporation tax, capital gains tax, air passenger tax, insurance premium tax, climate change levy, aggregates levy and company car levy

• Tax breaks on ISAs extended until 2010

• Personal income tax allowance to be raised in line with inflation

• The 100% VAT refund for renovations to religious buildings to be extended by three years.

Alcohol and cigarettes

• Duty up 1p on a pint of beer and 4p on a bottle of wine, but frozen on cider, sparkling wine and spirits.

• Tax on a packet of cigarettes to rise 7p.

Pensioners

• Pensioners to get a council tax refund of �200

• Free local bus travel for every pensioner from next year

• Pension credit to rise by 13% by 2008, in line with earnings.

Economic forecasts

• Mr Brown hailed the "longest period of economic growth since records began in 1701" in Britain.

• Inflation was now 1.6% and was expected to be 1.75% this year and 2% in 2006 and beyond

• Growth for 2004 was 3.1%, as forecast, and Mr Brown predicted the economy would grow by 3% to 3.5% this year and 2.5% to 3% next year.

• Inflation was the lowest for 30 years, interest rates the lowest for 35 years and employment the highest ever, said Mr Brown

• Borrowing was forecast at �34bn for 2004/5, �32bn for 2005/6 and �29bn for 2006/7.

Employment

• There will be new rules to encourage incapacity benefit claimants into work and changes to housing benefit to help create jobs.

• From next month, there will be �2,000 return to work bonuses available to single parents

• Mr Brown pledged new centres for people to get vocational training

• He announced �65m to be spent in the coming year on employer training pilots

• Mr Brown said new plans to target young people at risk of causing crime would be unveiled.

Children

• Child tax credit to rise by 13%, in line with earnings, over next three years

• Child benefit for the first child goes up 50p to �17 for the first child and up 35p to �11.40 for other children

• Help promised for early learning in every area for all children who need it

• Refund VAT incurred by local councils on children's centres

• Re-building programme for primary schools increased by �650m by 2010.

• Five-year, �1.5bn programme to renovate and renew further education colleges

• Investment in the three-year programme for IT capital in schools will be raised to �1.67 billion.

Efficiency programmes

• The first 7,800 civil servants to be moved out of London had now moved to other parts of the UK

• Mr Brown said the first �2bn of savings from the Gershon review of government departments had been made.

• Thirty-five government agencies will be combined into just five - with changes in consumer and trading standards regulators and food inspectorates.

• Mr Brown said he would adopt the Better Regulation Task Force's call for targets for cutting red tape in every department year by year.

Euro

• The chancellor said there would be no further assessment of whether the UK should adopt the euro in this Budget.

Defence

• Extra �400m set aside for defence

• Troops injured in the line of duty will not have compensation payments taxed if they remain in the armed forces.

Volunteering

• New national community service for young people to be created with up to �150m to recruit one million young volunteers.

Overseas aid

• Mr Brown said International Development Secretary Hilary Benn would announce he plans to sign new debt reduction deals with 19 of the world's poorest countries by July.