Budget 2018: At a glance
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2018 growth forecast upgraded from 1.3% to 1.6%
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Budget deficit forecast for 2018/19 fiscal year cut to £25.5bn from £37.1bn forecast in March
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A ‘tech tax’ on revenues of tech giants from 2020, subject to further international discussions
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Annual Investment Allowance increased from £200,000 to £1m for two years
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Tax on imports of plastic packaging containing less than 30% recycled plastic but no ‘latte tax’ on plastic coffee cups
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Private Finance Initiative will be abolished
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£1bn extra for defence spending to boost cyber capabilities
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Extra £160m for counter-terrorism police
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£420m for local councils to repair potholes
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Additional £500m set aside to prepare for a no-deal Brexit
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£20.5bn more for the NHS over the next five years, as previously announced
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£60m to plant more trees in England
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A further £500m for the Housing Infrastructure Fund
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Fuel, beer, cider and spirits duties frozen
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Personal allowances and higher rate threshold raised
