Budget (1): 'Back to work' Budget - at a glance

Chancellor Jeremy Hunt's first Budget was aimed at encouraging people to return to work. Here are the key measures aimed at that - and other announcements.

Return to work

• Abolish the cap of £1.07 million on amount workers can accumulate in pensions savings over their lifetime before having to pay extra tax
  
• Tax-free yearly allowance for pension pot to rise from £40,000 to £60,000;
  
• 30 hours of free childcare for working parents in England expanded to cover one and two-year-olds;
  
• £600 "incentive payments" for those becoming childminders, and relaxed rules in England to let childminders look after more children;
  
• Families on universal credit to receive childcare support up front instead of in arrears, with the £646-a-month per child cap raised to £951
  
• New fitness-to-work testing regime for health-related benefits;
  
• New voluntary employment scheme for disabled people;
  
• Tougher requirements to look for work and increased job support for lead child carers on universal credit
  
• £63m for programmes to encourage retirees over 50 back to work, 'returnerships' and skills boot camps
  
• Immigration rules to be relaxed for five roles in construction sector, to ease labour shortages
  

Taxation and businesses

• Main rate of corporation tax, paid by businesses on taxable profits over £250,000, confirmed to increase from 19 per cent to 25 per cent;
  
• Companies with profits between £50,000 and £250,000 to pay between 19 per cent and 25 per cent;
  
• Companies able to deduct investment in new machinery and technology to lower their taxable profits;
  
• Prison sentences for those convicted of marketing tax avoidance schemes;
  
• Tax breaks and other benefits for 12 new Investment Zones across the UK, funded by £80m each over the next five years;
  
• Reduced paperwork for international traders;
  
• Fuel duty frozen - the 5p cut to fuel duty on petrol and diesel, due to end in April, retained for another year;
  
• Alcohol taxes to rise in line with inflation from August, with new reliefs for beer, cider and wine sold in pubs;
  
• Tax on tobacco to increase by two per cent above inflation, and six per cent above inflation for hand-rolling tobacco.

Other measures

• Government subsidies limiting typical household energy bills to £2,500 a year extended for three months, until the end of June;
  
• £200m to bring energy charges for prepayment meters into line with prices for customers paying by direct debit;
  
• Commitment to invest £20bn over next 20 years on low-carbon energy projects;
  
• Nuclear energy to be classed as environmentally sustainable for investment purposes; promise of more public funding;
  
• £63m to help leisure centres with rising swimming pool heating costs, and invest to become more energy efficient;
  
• Families on universal credit to receive childcare support up front instead of in arrears, with the £646-a-month per child cap raised to £951;
  
• Commitment to raise defence spending by £11bn over the next five years;
  
• £900m for new super computer facility, to help UK's AI industry.