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  • The March 2010 United Kingdom Budget, official known as Budget 2010: Securing the recovery, was delivered by Alistair Darling, Chancellor of the Exchequer, to the House of Commons on 24 March 2010. The budget speech outlined the Labour Government's fiscal policies prior to the expected 2010 general election, which had to be called before July. The Budget's main headlines included: A one-off "Bank Payroll Tax" on bankers bonus payments, projected to be worth £2bn £11bn of savings across Government and a further £5bn savings from targeted spending Introduce a new right to open a basic bank account Above-inflation increases to alcohol and tobacco duties, with a pledge to redefine strong ciders in September 2010 To reduce a previously announced fuel duty increase in April 2010, and introduce small increases at intervals Temporary increase in small business rate relief Threshold for stamp duty raised from £125,000 to £250,000 for first-time buyers for two years, and increased stamp duty on homes over £1,000,000 to 5% Pledge of an increase in future ISA savings limits to keep pace with inflation, and confirmed previously announced increase in ISA savings limits