Insights from the UK and beyond
George Osborne has delivered his budget speech for the 2011/12 fiscal year to parliament.
The Chancellor said corporation tax would be cut by two percentage points to 26 percent from April, rather than by just the one point originally planned. A levy on banks would be increased to help pay for it.
Osborne also announced a surprise cut in fuel duty, while slapping higher charges on oil and gas production which he said would raise 2 billion pounds. Meanwhile, the government will offer loans to help first-time buyers get on the property ladder.
Osborne called it a “Budget for growth and jobs.” Do you agree? Take part in our poll below or leave a comment on this page.