Income tax reform, with move towards tax credit system.
First £100 of weekly income exempt from tax.
Old-age pensions to be raised by £6 a week for individuals and £9 for married couples
Extra tax puts up price of larger cars
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Betting tax abolished on racecourses, and halved in bookmakers' shops effective from July 1st
Cigarettes up by 5 pence for 20; no rise in drink prices.
Additional £8 million to deal with hospital waiting lists
Standard corporate profit tax cut from 32 to 28 per cent.
Child benefit up £3 a month for first two children.
