Budget 2011 - full details - Live coverage - The Independent

Budget 2011 - full details

Details of the Chancellor's speech. Leave your comments below and we'll incorporate them into our coverage.

  • PA: From April 2012, the default indexation assumption for direct taxes to move to the CPI inflation index.
    3/23/2011 12:49:30 PM
  • Osborne explicitly places himself in tradition of Thatcher's chancellor, Nigel Lawson. A rare moment of honesty there
  • From April 2011 corporation tax will be reduced by 2%
    3/23/2011 12:50:26 PM
  • PA: Government to consult on merging the operation of National Insurance and Income Tax.
    3/23/2011 12:50:27 PM
  • It will continue to fall over three years, to 23%
    3/23/2011 12:50:40 PM
  • PA: New rules to apply 5.75% rate on overseas financing income to attract international investment.
    3/23/2011 12:51:19 PM
  • PA: Corporation Tax reduced by 2% from April 2011 - rather than 1% as previously announced - and to fall by 1% in each of the next three years to reach 23%.
    3/23/2011 12:52:13 PM
  • PA: Bank Levy rate to be adjusted next year to offset the effect of Corporation Tax reduction on banks.
    3/23/2011 12:52:50 PM
  • Nice swipe at the banks...they won't get the benefits of cuts in corporation tax. Hello Shanghai #budget11 #budget
  • Cameron just told the two Eds to shut up, enunciating it a bit too clearly
    by amol rajan via twitter edited by The Independent 3/23/2011 12:53:40 PM
  • PA: Today's Plan for Growth will remove £350 million worth of regulation on businesses.
    3/23/2011 12:53:43 PM
  • This budget contains clear big redistribution of wealth. Poor & middle pay more in VAT, to transfer the money to corporations who get a cut
  • Bill Hamilton, to the right of Steve Milliband, doesn't seem too impressed so far
    3/23/2011 12:55:22 PM
  • PA: New planning rules to require planners to prioritise growth and jobs with a new presumption in favour of sustainable development, while retaining existing controls on Green Belt land.
    3/23/2011 12:55:47 PM
  • Osborne is going to "auction planning permission" Wow that is totally radical. Pretty good for Tesco. #budget
  • PA: Income Tax relief on Enterprise Investment Scheme to increase from 20% to 30% in April 2011.
    3/23/2011 12:56:17 PM
  • "our tax system should ask the most from those who can afford the most" -& how does that comply with ur VAT rise? #budget
  • PA: Entrepreneurs Relief scheme to be doubled to £10 million from April 6.
    3/23/2011 12:56:44 PM
  • All planning bodies will have to promote growth and jobs. Good idea when it's not in your back yard. #budget11
  • Osborne to investigate revenues from the 50p tax rate
    3/23/2011 12:57:54 PM
  • PA: Charge on non-domiciled taxpayers to increase from £30,000 for those here for seven years to £50,000 for those in the country for 12 years, raising more than £200 million.
    3/23/2011 12:58:39 PM
  • We will improve the intellectual property regime - Osborne
    3/23/2011 12:58:56 PM
  • I will extend the rate holiday for small business to October 2012 - Osborne
    3/23/2011 12:59:33 PM
  • Reviews launched on the revenue raised by the 50p tax rate and on the taxation of very high value property.
    3/23/2011 1:00:01 PM
  • The non-doms will find pastures new, raising nothing.
    3/23/2011 1:01:23 PM
  • Surely if the Treasury was not going to review revenue from the 50p tax rate that would be a stroy #budget11
  • PA: Reforms to radically reduce delays in approval for clinical trials; to improve the intellectual property regime in digital and creative industries; and reform the money laundering regime.
    3/23/2011 1:01:52 PM
  • Science funding being announced
    3/23/2011 1:01:58 PM
  • PA: Small business rate relief holiday extended by one year to October 2012, at a cost of £370 million.
    3/23/2011 1:02:21 PM
  • From April this year the small companies research and development tax credit will rise to 200%
    3/23/2011 1:02:33 PM
  • PA: New shared equity scheme for first-time buyers to help 10,000 families get onto the housing ladder, funded from £250 million from the Bank Levy.
    3/23/2011 1:02:49 PM
  • Great news for PlanningPermission. How about having clear rules as to what passes and what fails permission as opposed to the current "personal taste" that appears to be the case!
    3/23/2011 1:03:14 PM
  • PA: Support for Mortgage Interest scheme extended by one year to January 2013, reducing mortgage arrears for 100,000 jobless homeowners.
    3/23/2011 1:03:26 PM
  • Osborne announces 21 new enterprise zones
    3/23/2011 1:04:12 PM
  • PA: Help for manufacturing to include new export credits, a technology and innovation centre and nine new university centres.
    3/23/2011 1:04:12 PM
  • Osborne's voice has gone all IDS. Croak, tinker, croak, tinker
  • Genuinely good news about increasing investment in science development. Credit to all the people who fought hard for this
  • Rob the poor to look after the rich! Same old same! #indybudget
  • PA: Investment of £100 million in new science facilities in Cambridge, Norwich, Harwell and Daresbury, funded from Bank Levy.
    3/23/2011 1:05:34 PM
  • PA: Small companies' research and development tax credit to rise to 200% in April and 225% in 2012.
    3/23/2011 1:06:10 PM
  • PA: Investment of £200 million in regional railways.
    3/23/2011 1:07:09 PM
  • Elizabeth taylor has died!!
    3/23/2011 1:08:38 PM
  • PA: Central funding of £100 million to help councils repair potholes.
    3/23/2011 1:09:01 PM
  • PA: Funds provided for 21 new Enterprise Zones.
    3/23/2011 1:09:21 PM
  • It's tax wars: Northern Ireland to have lower tax rate than UK take on the South #budget
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