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

  • This "penny off a pint" is desperate stuff; partly explains why Cameron ditched minimum alcohol pricing - Govt wants to be seen on the side of low-income drinkers.
    3/20/2013 1:23:07 PM
  • £10k income tax threshold to come into effect next year - as revealed today by @Independent
    ind.pn
  • Confirms income tax threshold £10k brought forward to 2014. And 10p rate scrapped also confirmed #budget2013
  • And Osborne gets the biggest cheer of the day from Tory backbenchers... FOR ANNOUNCING A LIB DEM POLICY. #10Ktax #Budget
  • BREAKING NEWS Osborne: Rise in personal allowance brought forward to 2014, meaning no income tax on the first £10,000 of earnings. Raising income tax threshold will mean means '£700' less paid by working families.
    3/20/2013 1:24:48 PM
  • Damian McBride ‏@DPMcBride, Gordon Brown's former spin doctor: I don't get how he's able to cut beer duty and raise wine duty - they're pegged together in law (EU rules, etc.).
    3/20/2013 1:25:19 PM
  • NEWS Osborne: New Employment Allowance will take the first £2,000 off the employer National Insurance bill of every company in the country. Around 450,000 small businesses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in
    April next year.
    3/20/2013 1:26:09 PM
  • Big cut in business NI costs - first £2000 of employer NI scrapped
    3/20/2013 1:26:17 PM
  • Another huge boost to small businesses, charities, community sports clubs with first £2k off employee nics #budget2013
  • So what taxes are going up to pay for these baubles?
    3/20/2013 1:26:35 PM
  • #Budget Raising the income tax threshold to £10k benefits the rich more than the poor. Somebody tell the Chancellor: http://pbs.twimg.com/media/BFyf0QuCUAAQZFw.jpg

  • Biggest surprise: Osborne takes first £2k off employers' NI bill. Calls it a "tax off jobs".
  • Ach! Osborne totally fluffed his "And I commend this Budget to the House" bit. #Budget
  • Osborne: "This is a Budget that doesn't duck our nations problems. It confronts them head on. It's a Budget for an aspiration nation."

    Describing the statement as a Budget for "a Britain that wants to be prosperous, solvent and free", the Chancellor finishes at 13.26pm.
    3/20/2013 1:28:21 PM
  • Osborne nearly forgot to commend his Budget to the House. Nearly sat down with a "Thank you."
    3/20/2013 1:28:28 PM
  • How much is that employers' National Insurance cut actually worth? Anyone?
    3/20/2013 1:28:42 PM
  • "We are on your side," Osborne tells country #budget2013
  • Response from Labour leader Ed Miliband on the way...
    3/20/2013 1:30:12 PM
  • Ed Miliband spoke for about 30 seconds before the Deputy Speaker intervened to calm the shouting #Budget2013
  • Labour leader Ed Miliband responding to the Budget: "This is the Chancellor's fourth Budget but one thing unites them all - every Budget, he comes to this House and things are worse not better for this country."
    3/20/2013 1:31:48 PM
  • Deputy Speaker says he cannot understand an opposition that does not want to hear its leader.
    3/20/2013 1:32:57 PM
  • Ed Miliband "a down traded budget from a down traded Chancellor" #Budget2012
  • RT @Markfergusonuk: Lindsay Hoyle is having a cracking Budget
  • Ed Miliband appallingly weak jokes in his response, repeating stuff about Osborne being booed at the Paralympics and upgrading his train ticket.
    3/20/2013 1:34:45 PM
  • Ok some rather good lines from Miliband here. Don't know who he's hired but they're better than what he had before. #Budget
  • Osborne is "the wrong man in the wrong place" to fix the country, says Labour leader Ed Miliband.
    3/20/2013 1:36:02 PM
  • "The PM says from a sedentary position, 'borrow more'. You *are* borrowing more!" Ed Miliband.
    3/20/2013 1:36:55 PM
  • Ed Miliband says the OBR has confirmed people will be worse off in 2015 than they were in 2010... so public will be worse off than they were under Labour.
    3/20/2013 1:37:47 PM
  • Lots of pointing and head shaking on the Tory front bench as Ed Mili speaks. Cameron clutching his brow. Cable immobile #Budget2013
  • This is very strong stuff from Miliband - and believe me, I ain't a Labour member. Some good lines, confident delivery, and clear argument
  • Ed Miliband points out that the chancellor failed to mention the downgrade of the UK's top sovereign debt rating by the Moody's agency.
    3/20/2013 1:38:32 PM
  • RT @BenChu_1m Did Vince Cable just oull down Philip Hammond's arm? #budget >>> he did! he did! quite a moment
  • "The Bullingdon boys are both in it together." Ed Miliband.
    3/20/2013 1:39:13 PM
  • RT @BenChu_ Did Vince Cable just oull down Philip Hammond's arm? #budget >>> he did! he did! quite a moment
  • The Campaign for Real Ale is drunk with joy: "a momentous day for beer drinkers" #budget2013
  • Great news with the Seed Enterprise Investment Scheme (www.seis.co.uk) CGT relief being extended
    3/20/2013 2:19:24 PM
  • Su Maddock argues:

    "Reduction of corporation tax doesn't represent a strategy for the whole of the country, and for growing business and infrastructure. It focuses purely on individual companies. Corporation tax reductions speak the language of the markets."
    3/20/2013 2:19:31 PM
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