Gordon Brown outlines Budget

Chancellor Gordon Brown has delivered his speech outlining preparations for next year's Budget.

He claimed government targets of national growth of 2.25 per cent for the year are still on track. Cuts will be made on capital gains tax to make Britain more attractive than the US for entrepreneurs.

Brown will double the reach of current share option schemes up to companies of £30m turnover. Along with tax credits for training this could win over the IT community.

Changes to VAT rules could save small businesses up to £1,000 a year, he claimed.

Brown also announced the end of tax on football pools.