As it happened: Budget 2013

Key Points

• Income tax threshold to be £10,000 by next year
• Beer duty cut by 1p a pint
• Planned fuel duty rise scrapped
• The first £2,000 to be taken off all employers' National Insurance bill
• Chancellor George Osborne promises £3bn a year extra for infrastructure from 2015
• Service personnel to be exempt from public sector 1% pay rise cap
• Economic growth is forecast to be 0.6% this year
• Public sector net debt will fall by 2017/18, the Office for Budget Responsibility forecasts
• Bank of England to work to help UK's economic growth