Budget 2013 Live Blog - as it happened - Live coverage - The Independent

Budget 2013 Live Blog - as it happened

News, analysis and reaction from Chancellor George Osborne's statement

  • Read Matthew Norman: The speech George Osborne would like to make
    "I was veering towards the conventional torrent of gibberish, then I saw the Shadow Chancellor giving me one his hand gestures, and I changed my mind."
    ind.pn
    3/20/2013 10:17:22 AM
  • Tax threshold will rise to £10,000 to 'help hard workers'
    ind.pn
    3/20/2013 10:19:20 AM
  • @George_Osborne as he's known from today. What a time to join Twitter! Image from his page

    3/20/2013 10:27:18 AM
  • Hamish McRae looks even further ahead than 12.30pm today
    The Budget of 2018: Future governments will have to learn how to do more with less
    ind.pn
    3/20/2013 10:31:28 AM
  • To help to set the scene for this Budget, I wrote at the weekend about why it was last year's Budget that made the difference between the Conservatives winning and losing the next election www.independent.co.uk
    3/20/2013 10:34:01 AM
  • Chancellor George Osborne joins Twitter on Budget day and is immediately hit with a wave of abuse
    ind.pn
    3/20/2013 10:37:04 AM
  • David Cameron leaves 10 Downing Street on his way to the Commons for Prime Minister's Questions at noon ahead of the Chancellor's speech. REUTERS/Andrew Winning

    3/20/2013 10:44:33 AM
  • WHAT THE OTHERS ARE PUSHING
    Osborne 'to reward work' in Budget, says BBC
    George Osborne to raise tax-free allowance to £10,000 to sweeten grim budget, says Guardian
    Jobless blow for Osborne, says The Times
    Pound rises ahead of Budget, says The Telegraph
    Bitter sweet... 6p joy on beer, says The Sun
    So what about the rest of us? asks The Mirror
    Beer tax axed.. but not much else to cheer on Budget day, says the Daily Mail
    3/20/2013 10:50:39 AM
  • Jobless total increases to 2.5m after first rise for a year
    ind.pn
    3/20/2013 10:57:05 AM
  • SIMON READ: Today's Budget Money blog
    ind.pn
    3/20/2013 11:11:03 AM
  • George Osborne today promised "a Budget that tackles the economy's problems head-on, helping those who want to work hard and get on"
    3/20/2013 11:14:07 AM
  • Striking members of the Public and Commercial Services Union (PCS) picket the Houses of Parliament. REUTERS/Toby Melville

    3/20/2013 11:15:48 AM
  • Today's Budget will show the government "sticking to the course of tackling the deficit whilst continuing to support aspiration'', said David Cameron's official spokesman. PA
    3/20/2013 11:23:28 AM
  • The picture you were all waiting for: George Osborne holds up his Budget case for the cameras outside 11 Downing Street. REUTERS/Stefan Wermuth

    3/20/2013 11:29:22 AM
  • "In tough economic times .. we're sticking to the course of tackling the deficit while continuing to support aspiration" - No10 on Budget
  • How about scrapping Stamp Duty?! An outside bet, granted. But one that would ACTUALLY benefit first time buyers?!
    3/20/2013 11:36:16 AM
  • Key terms to expect from George Osborne today, by The Independent's Political Editor Andrew Grice:

    - Infrastructure
    - Difficult (decisions on spending cuts)
    - Course (as in sticking to the course)
    - Longer (taking longer than expected to clear the deficit)
    - Eurozone (blame someone else)
    - Healing (economy is, honestly)
    - Miracle (no miracle cure)
    - Housing
    - Childcare
    - Employment (record high)
    - Cyprus (example of what can go wrong)
    - Restraint (more needed on public spending)
    3/20/2013 11:36:58 AM
  • Today's Budget will show the Government "sticking to the course of tackling the deficit , says Prime Minister David Cameron's official spokesman. PA
    3/20/2013 11:39:37 AM
  • A man in the dark? George Osborne outside 11 Downing Street before heading to the House of Commons to deliver his Budget statement. Dominic Lipinski/PA Wire

    3/20/2013 11:39:53 AM
  • While Cabinet ministers rarely have any expertise in their particular portfolio, surely in these days, the Chancellor should have a particular expertise in economics. Osborne has a second class degree in HISTORY followed by work experience as a Tory researcher. Just WHY does anyone think he is "able" and competent to find a solution to Britain's intractable problems in the worst economic crisis since the 1920s? All he can do is to choose priorities suggested by the bunch of ideologues he has surrounded himself with, and a few discredited civil servants in the Treasury. It's time Cameron put a highly qualified economist in charge: there are plenty of them around, even in his own party.
    3/20/2013 11:40:31 AM
  • Meanwhile Labour pressed the Chancellor to admit his austerity programme has failed and change the course of his economic policy. Labour leader Ed Miliband said the George Osborne should be "undoing the damage he has done to family budgets, investing properly in our infrastructure and getting growth moving". PA
    3/20/2013 11:40:34 AM
  • TNS BMRB poll

    3/20/2013 11:47:31 AM
  • George Osborne and members of the Treasury team pose outside 11 Downing Street ahead of his Budget speech. Matthew Lloyd/Getty Images

    3/20/2013 11:47:33 AM
  • At-a-glance guide to the "most resented" taxes, so that you can tick them off as @George_Osborne freezes or cuts them www.tns-bmrb.co.uk (See below.)
    3/20/2013 11:47:53 AM
  • Won't be tweeting while I'm speaking so follow the Budget measures live @hmtreasury and @torytreasury
  • It's all yours then! The Treasury team leave George Osborne lifting up the case with his speech for photographers in Downing Street. ADRIAN DENNIS/AFP/Getty Images

    3/20/2013 11:51:43 AM
  • Campaigners dressed as George Osborne in protest in central London ahead of the Budget. STEFAN WERMUTH/ Reuters

    3/20/2013 11:58:19 AM
  • We'll be flagging up highlights here from Prime Minister's Questions which starts shortly ahead of the Chancellor's Budget statement
    3/20/2013 11:59:10 AM
  • Tory Right gets first word at #pmqs as Philip Davies calls for a "blue-collar Conservative budget" and for overseas aid spending to be cut
  • Labour leader Ed Miliband says the crisis in Cyprus is undermining trust in banks across the eurozone.
    3/20/2013 12:07:36 PM
  • PLAY BUDGET BINGO

    Key terms to expect from George Osborne today, by The Independent's Political Editor Andrew Grice:

    - Infrastructure
    - Difficult (decisions on spending cuts)
    - Course (as in sticking to the course)
    - Longer (taking longer than expected to clear the deficit)
    - Eurozone (blame someone else)
    - Healing (economy is, honestly)
    - Miracle (no miracle cure)
    - Housing
    - Childcare
    - Employment (record high)
    - Cyprus (example of what can go wrong)
    - Restraint (more needed on public spending)
    3/20/2013 12:10:28 PM
  • Labour leader Ed Miliband raises concerns that UK-supplied weapons could fall into the hands of jihadists in Syria, at Prime Minister's Questions.
    3/20/2013 12:12:40 PM
  • Miliband asks if the government will seek a relaxation of the EU arms embargo in Syria.
    3/20/2013 12:13:27 PM
  • Civil servants are staging a Budget day strike today, hitting courts, government departments, museums and driving test centres in an escalation of a bitter dispute over pay, pensions and working conditions. PA
    3/20/2013 12:14:07 PM
  • David Cameron says current policies are not working for the people of Syria. He also repeats his call to lift an embargo on supplying weapons to rebels.
    3/20/2013 12:17:02 PM
  • Lab MPs focussing in #pmqs on new 45p tax top rate that'll come in next month - expect more, much more of this from EdMil in Budget response
  • David Cameron says the government is investing in social housing. He also hints we will hear more about that "in a minute or two." Cameron also says housing benefit must be reformed.
    3/20/2013 12:19:11 PM
  • We’re expecting George Osborne (or @George_Osborne as he’s known from today – what a time to join Twitter?) to start at 12.30pm. So far, this is what we know – or, at least, what we think we know from the news:
    >> The tax-free allowance will rise to £10,000 from 2014, a year earlier than expected
    >> Working parents earning up to £150,000 will get £1,200 help a year to pay for childcare help – though many are not happy that families with stay-at-home mothers are set to miss out
    >> The planned rise in fuel duty – set to have started in September – will be delayed or even scrapped
    >> The expected 6p rise in duty on a pint of beer will be abandoned
    >> Some Whitehall departments will have to save £2.5bn to pay for capital projects aimed at kick-starting an ailing economy
    >> Speaking of which, the economic figures are expected to make grim reading
    >> Unemployment has risen for the first time in a year, according to the ONS, up 7,000 to 2.52 million
    3/20/2013 12:19:23 PM
  • Cameron says Britain should keep its promises to some of the poorest people in the world, as he defends the aid budget.
    3/20/2013 12:20:23 PM
  • Hamish McRae looks even further ahead than 12.30pm today:

    The Budget of 2018: Future governments will have to learn how to do more with less
    ind.pn
    3/20/2013 12:23:17 PM
  • Cameron hints at further news on the tax-free allowance to come.
    3/20/2013 12:23:25 PM
  • Most public relations experts believe that Government communications over the Budget has been poorly controlled.

    A survey of agency bosses found that fewer than a third believed the Government's PR preparation for today's big announcement has been well controlled.

    The poll of over 70 communications staff by the Public Relations Consultants Association, also found that half believed the Budget will have no impact on economic growth. (PA)
    3/20/2013 12:24:46 PM
  • Cameron says there are 131,000 more people in work over the last quarter.
    3/20/2013 12:26:12 PM
  • PMQs over-running as always on Budget Day with everyone keen to share the highlight...
    3/20/2013 12:31:47 PM
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