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George Osborne's budget in numbers

By Channel 4 News

Updated on 22 June 2010

It lasted 55 minutes - forecast public borrowing will total £149bn this year and raised VAT to 20 per cent - as Chancellor George Osborne hit the Commons dispatch box 85 times. Channel 4 News looks at the key budget numbers.

George Osborne delivers his budget (Credit: Reuters)

149000000000 pounds - public sector net borrowing forecast this year.
20000000000 pounds - amount expected to be raised every year from the new bank levy
11000000000 pounds - welfare savings the government hopes to make by 2014/2015

880000 people the chancellor said will not now pay income tax after raising the threshold

7475 pounds - personal allowance for basic rate tax payers from next April
5000 national insurance exemption for people setting up businesses outside London and South East
400 pounds - maximum weekly limit for Housing Benefit

85 times the chancellor banged the dispatch box during his speech
66 retirement age the government plans to introduce for everyone
55 minutes George Osborne took to deliver his budget

28 per cent - the new rate of capital gains tax for higher rate tax payers
25 per cent - budget cuts facing most government departments
20 per cent - the new VAT rate from 4 January 2011
14 times George Osborne said the word word cut in his budget speech

years child benefit will remain frozen
sips of water drunk by George Osborne during his budget speech
Liberal Democrats seen flanking the chancellor on the main camera angle
2 year pay freeze for public sector workers earning over £21,000.
times deputy speaker Lindsay Hoyle said "order order" during the budget speech
opportunity the Chancellor can use the old red budget box before it is retired
rise in duty on alcohol, tobacco and fuel

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