BUDGET 2014: Main points so far . . .

March 19, 2014
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Economy will be £16bn larger than was forecast just four months ago, says Chancellor

Budget will support manufacturers and back all regions of the country.

Economy recovering faster than forecast

GDP forecast to grow by 2.7% this year and 2.3% next year, then by 2.6% in 2016 and 2017 and by 2.5% in 2018

But job not yet done. We don’t export enough or save enough, says Chancellor

"We will fix the roof when the sun is shining"

"If you are a maker a doer or a saver this Budget is for you."

UK is growing faster than Germany, Japan and US. No major economy growing faster.

UK now has a higher employment rate than the USA – for the first time in 35 years

A new charter for budget responsibility to be brought in this autumn.

Deficit forecast to be 6.6% of GDP this year, 5.5% in 2014-15 then falling to 0.8% by 2017-18 with a surplus of 0.2% in 2018-19

Borrowing forecast to be £108bn this year and £95bn next year, leading to a surplus of almost £5bn in 2018-19

Annual investment allowance doubled to £500K. 'We are going to get Britain investing'

Freeze on duty on ordinary cider and beer duty cut by 1p

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