Two year freeze in public sector wages
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Capital Gains Tax increased to 28% for high earners
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25% cut in the Home Office and policing budget
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A £1,000 increase in the income tax allowance
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25% cut in the defence budget
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1p cut in Corporation Tax for each of next four years
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Overseas development budget protected from inflation
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NHS budget protected from inflation
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Child benefit frozen for two years
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One year council tax freeze
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50p rate on high earner taxpayers retained
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£2.5bn levy on the banking industry
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25% cut in the budget for arts and culture
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VAT up to 20% from January 2011
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