Main points

Tax and duties
· Personal tax allowance to rise from £4,895 to £5,035.
· Stamp duty exemption to rise to £125,000.
· Inheritance tax exemption from £275,00 to £325,000 over the next four years.
· 9p on a pack of cigarettes.
· 4p on a bottle of wine.
· 1p on a pint of beer.
· Duty freeze on champagne and British-produced sparkling wine.
· Duty freeze on cider.
· Refund VAT paid on the renovation of church buildings and monuments.

Borrowing
· Net borrowing at £37bn this year, £36bn in 2007-08, then £30bn, £25bn, £24bn, £23bn in the years up to and including 2010-11. This represents a £2bn annual increase on previous figures.
· Public investment in infrastructure is £26bn in 2006-07, then £29bn, £31bn, £32bn and £34bn in the years up to and including 2010-11.

Economics
· 2% inflation in 2005-6 - in line with the Treasury's target.
· Economic growth estimated at 2-2.5% this year rising to 2.75-3.25% in 2007.
· Long term interest rates at lowest for 40 years at 4%.
· Official statistics to be produced by an independent board.
· New memo of understanding between the Treasury, Bank of England and Financial Services Authority to prepare early warning and response system to economic shocks.
· Public sector pay pegged to an average of 2.5%.
· Economic growth predicted at 2-2.5% this year and 2.75%-3.25% for next two years.
· National income per head risen from seventh in the G7 in 1997 to second (behind the US).
· Exports to grow by 5-5.5% this year and 4.75-5.25% in 2007-08.
· Domestic demand 2-2.5% this year and between 3.75-4.5% in 2007-08.
· UK well placed to meet chancellor's golden rule in the next economic cycle.

Money-raising
· Government to sell assets to raise £30bn, including the Tote, its stake in British Energy and Westinghouse.
· More digital broadcast licences to be sold.
· Cut spending on Customs, Department of Work and Pensions, Treasury and Cabinet Office by 5% from 2007.

Environment
· Vehicle excise duty to be at zero rate for the least polluting cars and £210 for the most polluting 1%.
· £10m to freeze or reduce duty on 50% of cars, meaning 3m motorists will pay £100 or less.
· Index the climate change levy - which has cut carbon emissions by 6m tonnes - in line with inflation.
· Plans to help strengthen the EU emissions trading scheme.
· Help for insulation of 250,000 homes and incentives to improve smart metering.
· New energy and environmental research institute with £1bn raised by public and private sector.
· £20m for the first enterprise capital fund for the environment.
· £50m for micro-generation tools (e.g. wind turbines, solar heating) for homes and businesses, which could apply to 25,000 buildings.
· Target to increase the proportion of fuel made from biofuel to 5% by 2010.

Housing
· £970m for shared equity schemes to help 35,000 people become homeowners, including a pilot project with minimum holdings of 25%.
· Introduce real estate investment trusts, an idea started in the US.
· Local communities to retain more of the planning gains from developments.
· Plans for 100,000 new homes.

Business and employment
· £100m to double enterprise capital funds to help small firms.
· Formation of national enterprise network involving 200 schools.
· All energy sector companies that fail to liberalise will be subject to independent investigation and enforcement.
· New deal for jobs to get new focus on skills.
· Double the available training for women with low skills.
· Help for 35,000 lone parents into work.
· Increase in minimum wage to £5.35 from October and address "unacceptable discrimination in women's pay".

Families and childcare
· Child tax credits to increase by 14% over the next three years.
· Tax-free childcare vouchers to increase from £50 to £55 per week.
· Capital grants for small and medium sized businesses to establish workplace nursuries.

Education and scientific research
· 3,000 new science teachers.
· A new single budget for the Medical Research Council and NHS research worth £1bn a year.
· Simplify the allocation of research funding that goes direct to universities.
· Entitlement to study the full range of sciences at GCSE.
· Investment in schools to rise from £5.6bn today to reach £8bn a year in five years, a 50% increase amounting to £34bn of new investment over the period.
· Annual investment in buildings and equipment to rise to £1,000 per pupil, matching state with private schools spending.
· After-school science clubs in 250 schools.
· Introduction of benchmarking of science results in the same way English and mathematics are now benchmarked.

Pensioners and young people
· £250m for free off-peak national bus travel for every pensioner and disabled person by April 2008.
· New gap year and volunteering scheme called Youth National Community Service with budget of £150m and target of one million youth volunteers.

Olympics and sport
· £200m to be invested in training facilities, to be matched by £100m from private sponsors and £300m from the lottery.
· £34m of public and private finance for new sports foundation and new local sports facilities.
· Annual Schools Olympics in different city each year, starting this year in Glasgow.
· Olympic trust fund for national sporting events.
· £2m for community groups and youth clubs offer evening sports for young people in order to help tackle anti-social behaviour.

Security
· £1m charitable fund to support British citizens injured in terrorist attacks at home and abroad.
· Memorial to reflect wishes of the families of those who died in July 7 attacks.
· £200m to promote peacekeeping.