The Budget 2010

# VAT to rise 2.5% to 20% from January 2011
# Deficit reduced by 77% spending cuts, 23% tax rises
# Departments face cuts of 25% over the next five years
# Two-year pay freeze for most public sector workers
# Child benefit frozen for three years and tax credits cut
# Disability benefit claimants face new medical checks
# Corporation tax cut from 28% to 24% over four years
# Capital Gains Tax hiked to 28% for top-rate taxpayers
# Bank levy from 2011, raising £2bn a year
# Income tax threshold raised £1,000 to £7,495
# Pension link to earnings restored or 2.5% rise from next April
# Civil list frozen at £7.9m as Queen also feels the pinch

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