Budget 2010

The IMA has applauded the Government's move the amend tax rules it says is forcing groups to domicile funds away from the UK.

The Debt Management Office plans to increase issuance of longer dated conventional and index-linked gilts in the coming financial year in response to strong structural demand.

Chancellor Alistair Darling has announced the Government will integrate Northern Rock Asset Management (NRAM) and Bradford & Bingley (B&B).

The IMA has welcomed the Chancellor's move to increase ISA limits in line with inflation, saying it will continue to work with the Government to build on the ISA brand.

The Chancellor has pledged to set up a £2bn investment bank to fund green transport and technology.

"Mr Deputy Speaker, this Budget takes place as the UK economy is emerging from the deepest global recession for over 60 years...

The Chancellor has announced new targets for lending for the state-aided banks, Lloyds and Royal Bank of Scotland (RBS).

Measures to tax bank bonuses 50% have raised £2bn for the Treasury, part of which will be spent on a scheme to help small businesses thrive.

Follow the Chancellor's key Budget announcements as they happen...

Banks were told to brace themselves for "payback time", as Alistair Darling put the finishing touches to a Budget that will propose new bank taxes and force them to improve the way they deal with customers and small businesses.