• The chancellor says he expects the economy to return to growth in the fourth quarter of 2009, maintaining growth in 2010 and 2011.

• The previously announced increase in corporation tax for small firms will continue to be deferred for as long as needed.

• Consumer inflation will rise from 1.5% to around 3% early next year before falling.

• Public borrowing will reach £178bn for this year, and fall in subsequent years, reaching £82bn in 2014-15.

• Revenues from stamp duty and income tax are sharply down. But banks are in a much more stable situation.

• A new 10p corporation tax on income from patents in UK will be introduced. 

• A previously announced Strategic Investment Fund, which was created to support hi-tech projects, will be given a £200m boost. 

• The chancellor has announced £5bn in savings on spending programmes, including cutting back on major IT projects, reforming legal aid and outsourcing inefficient prisons.

• All employer, employee and self-employed rates of national insurance will rise by a further 0.5% from April 2011. No one earning less than £20,000 will pay any more in contributions. 

• £5m will be allocated to help ex-service personnel set up their own businesses.

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