Emergency Budget 2010

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

The impact of the emergency Budget on equity markets has been obscured by the crisis in the eurozone.

Last week both Moody's Investor Services and Fitch Ratings said the emergency Budget is supportive of the UK's AAA rating.

Writing in the Guardian, business secretary Vince Cable says the impact of yesterday's Budget will be "painful".

The financial press is largely reporting the emergency Budget has been as scary as promised, with "bloodbath", "eye-watering", and "excruciating" all featuring among the headlines.

Sterling has strengthened against the US dollar and euro on the back of today's emergency Budget, while gilts have also bounced.

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

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...

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."