Economists are broadly positive on today's emergency Budget and are scrambling to revise their own growth forecasts in light of the austerity measures.

Former managers Nick Purves and Ian Lance were given the option of vetoing Schroders' purchase of a 49% stake in RWC Partners after joining the boutique last month.

Gary Shaughnessy, UK managing director of Fidelity International, responds to today's Budget.

Here are all the key facts from today's Budget you need to know...

The UK's planned gilt sales in 2010/11 have been revised down by £20.2bn to £165bn due to the Government's debt reduction programme outlined in the Budget.

Insight head of currency Dale Thomas expects sterling to remain weak for some time due to the current mix of tight fiscal and loose monetary policy.

Harriet Harman, deputy leader of the Labour Party, has blasted the coalition Government's emergency Budget as "reckless" and says it will "pull the rug from the UK economy."

Schroders has acquired a 49% stake in RWC Partners, the future destination of the group's former income fund managers Nick Purves and Ian Lance.

The Chancellor's key Budget announcements as they happened...

Chancellor George Osborne is set to raise the personal income tax allowance by £1,000 to £6,475 in the Budget today, removing more than 850,000 people from paying income tax.