Chancellor George Osborne has delivered his fifth annual Budget. Read our summary of the key announcements.
• Deficit currently down by a third to 6.6% of borrowing; down by half by the end of 2014. No defecit at all by 2019.
• Britain has "borrowed too much, saved too little". Borrowing to reduce to £44 billion by 2016/17. Small budget surplus expected by 2018/19.
• Growth of 2.7% now forecast for 2014; 2.3% in 2015; 2.6% in 2016; 2.6% in 2017; 2.5% in 2018.
• Earnings to grow faster than inflation in this and the next two years.
• From 1 July, cash Isas and stocks and shares Isas are being merged, with savers able to switch either type into the new account. The limit is also being raised to £15,000.
• The Junior Isa limit is being raised to £4,000 a year.
• 10p income tax rate on savings abolished.
• Tax restrictions on access to pension pots removed. Pensioners can draw down as much or as little of their pot as they want: no caps, no limits.
• No-one will have to buy an annuity.
• "Right to advice" plan in the works.
• Huge reform of the taxation of pensions.
• Personal income tax allowance raised to £10,500 in 2015 (it will rise to £10,000 on 6 April this year).
• Fuel duty rise planned for September to be abolished.
• Fixed-odds betting terminals to face raised duty of 25%.
• Tobacco duty will continue to rise by 2% above inflation; alcohol duty escalator scrapped - they will rise in inflation, except for Scottish whisky where duty is frozen. Also West country cider-makers see duty on ordinary cider frozen. Beer duty CUT by 1p.
• HMRC's budget increased to combat tax avoidance.
• Bank accounts to be raided by HMRC if people have the ability to pay tax, but haven't.
• Inheritance tax waived for those in the emergency services who die in the line of duty.
• Help to Buy being extended to 2020, as predicted.
• New homes to be built across the South East, where they are needed, including 15,000 in Ebbsfleet, creating a new garden city.
• Over 200,000 new homes for families.
• Additional £140 million promised to repair damaged flood defences and £200 million to tackle Britain's growing pothole crisis.
Public sector pay and pensions
• Taxpayer savings of £1 billion from revamp of public sector pensions.
Business and work
• Over 100,000 new apprenticeships to be supported.
• SEED enterprise investment scheme to be made permanent.
• Business annual investment allowance doubled to £500,000 and extended to 2015.
• Boost for British manufacturers, including reduced energy bills (below).