Summer Budget 1997

• Mortgage interest relief cut to 10% from April 1998
• VAT Rate on domestic fuel cut from 8% to 5%
• Road fuel duties to be increased at a rate of 6% per year in real terms (instead of 5%)
• Tobacco duty to be increased at a rate of 5% per year in real terms (instead of 3%)
• Graduated stamp duty introduced: 1% for properties between £60,000 and £250,000; 1.5% between £250,000 and £500,000; 2% over £500,000
• Windfall tax on privatised utilities
• Main corporation tax rate cut form 33% to 31%
• Small companies rate cut from 23% to 21%
• Dividend tax credits for pension funds and other companies abolished

Spring Budget 1998

• Working Families Tax Credit from October 1999
• Married Couples allowance restricted to 10% from April 1999
• Individual Savings Accounts (ISAs) from April 1999, replacing PEPs
• Tax on company cars increased
• Capital Gains Tax reformed; indexation abolished and taper introduced
• Advance Corporation Tax (ACT) replaced by quarterly payments
• Main company tax rate cut to 30%, smaller companies rate to 20% from April 1999

Budget 1999

• Basic rate of income tax cut from 23% to 22% from April 2000
• New 10% starting rate from April 1999; 20% rate abolished
• Married couples' allowance abolished from 2000 (for under-65s)
• Children's tax credit announced from April 2001
• Mortgage interest relief abolished from April 2000
• National Insurance employee starting rate aligned with income tax by April 2001
• Employer rate cut by 0.5% from April 2001
• Stamp duty raised to 2.5% on all properties between £250,000 and £500,000; 3.5% on properties over £500,000
• Climate change levy paid by companies from 2001/2002 based on their energy use.

Budget 2000

• Working Families Tax Credit, child premiums in income support and children's tax credit increased
• Road fuel duty frozen in real terms
• Cigarettes increased by 5% in real terms
• Stamp duty raised to 3% on properties between £250,000 and £500,000 and to 4% on those over £500,000.
• Climate Change Levy cut by £0.7bn from introduction in April 2001.
• Employer National Insurance rate to be cut by 0.3% from April 2001, instead of 0.5%, to reflect reduction in Climate Change Levy

Budget 2001

• Working Families Tax Credit, child premiums in income support and children's tax credit increased
• ISA limit extended to £7,000pa until April 2006
• Duties for ultra-low sulphur petrol cut by 2p and for ultra-low sulphur diesel cut by 3p
• Tobacco duties increased with inflation; alcohol duties frozen
• Basic state pension increased by £5 per week, or £8 per week for couples