AT A GLANCE

■ Office for Budget Responsibility says UK won’t enter technical recession this year.

■ It expects inflation will fall from 10.7% in the final quarter of last year to 2.9% by the end of 2023.

■ The energy price guarantee will be extended for another three months and households on pre-pay meters will get help.

■ Lifetime allowance limit on pensions abolished and pensions annual tax-free allowance increased from £40,000 to £60,000.

■ 30 hours of free childcare for all under-fives from the moment maternity care ends, where eligible.

■ A £63m fund to keep public leisure centres and pools afloat, with £100m to support thousands of charities and community groups.

■ Duty on pub draught products up to 11p lower than supermarkets from August.

■ Fuel duty remains frozen and 5p reduction will be maintained for another year.

■ Tax on tobacco up by 2% above inflation, and 6% above inflation for hand-rolling tobacco.

■ £11bn added to defence budget over five years and another £30m for veterans.

■ 12 new investment zones, eight in England and at least one each in Scotland, Wales and Northern Ireland.

■ Corporation tax to rise from 19% to 25% – but “full capital expensing” means every pound on IT gear, plant, or machinery can be deducted immediately from profits.

■ New “universal support” scheme in England and Wales could help up to 50,000 people every year.

■ Up to £20billion for the early development of carbon capture and storage.

■ Nuclear power to qualify for the same investment incentives as renewable energy.