Budget 2014: Overview

 

At a glance – the Chancellor pledged:

 

- Restraint on public sector pay

- £1bn saving on public sector pension reforms

- £140m extra for flood defences

- £200m for potholes – with councils to bid for funding

- devolution of tax powers to Welsh Government

- building 200,000 new homes

- £119bn welfare cap

- £1bn Whitehall cuts locked in

- 25% duty on gaming machine

- £270m guarantee for Mersey Gateway Bridge

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