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Pre-Budget Report 2007

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Page last updated at 13:31 GMT, Thursday, 3 April 2008 14:31 UK

Inheritance taxes cut for couples

The chancellor doubles the inheritance tax threshold for couples, but the Tories say he is "in a panic" over policy.

At-a-glance: The key points

Q&A: What it means for you

Tax changes

UK faces economic slowdown

The chancellor predicts an economic slowdown in 2008 because of the global credit crunch.

Capital gains tax relief scrapped

Private equity bosses will see their tax bills increase as taper relief ends.

KEY POINTS

Economy to slow next year

Public borrowing up by �4bn

Inheritance tax limit raised to �600,000 for married couples

Health spending up 4%

TAXATION

Inheritance tax change details

Aviation tax switches to planes

Halt to national insurance scam

Firms fearing higher tax burden

GOVERNMENT SPENDING

�250m more for targeted learning

Anti-terror spending to rise �1bn

Growth in health spending slows

Armed forces 'get �400m more'

Free museum entry extended

PARTY REACTION

Osborne criticises Budget 'panic'

Darling 'using Lib Dem air tax'

Darling's dilemma
Budget black hole puts more pressure on spending and taxes

A taxing budget
Lower inheritance tax - but other taxes make up the difference

Budget squeeze
We will all feel poorer after tax and spending changes in the PBR

Robert Peston
A budget penalising wealth creators and rewarding speculators

Treasury papers
Read the pre-Budget and spending documents in full

A cunning plan?
Darling seeks to gain from the wreckage of the poll that wasn't

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