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EDITIONS
Budget 2001Wednesday, 7 March, 2001, 22:42 GMT
The Budget in detail
BBC News Online takes a closer look at the measures announced in Gordon Brown's Budget.


Gordon Brown presents his 2001 budget
Gordon Brown presents his 2001 budget

Economic Overview

The chancellor highlights substantial economic growth and a fall in net debt. Inflation is forecast at between 2.25 and 2.75%.




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Urban regeneration is encouraged
Urban regeneration is encouraged

Business Tax

Gordon Brown announces tax incentives for businesses including measures to boost urban regeneration.







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Business tax is facing...
Training initiatives are to be launched

Employment

Investment in training, an increase in the minimum wage and efforts to help lone parents back into work are among the employment measures announced.





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The price of petrol will fall
The price of petrol will fall

Transport and the environment

The chancellor announces a reduction in licence fees and cuts in fuel prices while tax relief is offered to companies committed to cutting carbon emissions.



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Alcohol duty will be frozen
Alcohol duty will be frozen
Sin taxes

The chancellor promises to freeze duty on whisky, spirits, wine and beer. Beyond inflation there will be no rise in cigarette tax. Gambling taxes meanwhile, are abolished.


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Several measures may benefit the family
Several measures may benefit the family

Taxes and benefits

The chancellor says he is committed to cutting child poverty and announces several measures that he believes will directly benefit the family.




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The weekly pension is set to rise
The weekly pension is set to rise

Pensions and savings

The Budget includes several measures intended to benefit pensioners, while tax reliefs and incentives are announced to promote savings.




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Investment in policing will rise
Investment in policing will rise

Public Spending

The chancellor unveils targeted public spending plans, including a substantial investment in policing.







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Gordon Brown presenting his 2001 budget
Gordon Brown presenting his 2001 budget

Closing remarks

The chancellor's Budget speech to parliament ran to 51 minutes.









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Key stories

Spending and saving

Analysis

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Links to more Budget 2001 stories are at the foot of the page.


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