Budget 2012 at a glance: George Osborne's key points
INCOME TAX
From April 2013, the 50p top rate of tax will be cut to 45p.
Personal income tax allowance raised to £9,205 from April 2013, making 24 million people £220 a year better off, including higher rate earners.
But 300,000 more people will be drawn into the higher rate - 40% - tax band from 2013
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