Budget 2015 at a glance: 14 key points

George Osborne has unveiled his 2015 budget today: here are the key points

In 2015 revised up to 2.5% from 2.4% in the autumn statement.

Rowena Mason, political correspondent: This is good news for the chancellor but he is treading carefully when it comes to boasting about growth to make sure voters do not think his work is done when it comes to the economy. He therefore argues the sun has only just begun to shine.

RM: This is helping Osborne as it means he will have lower interest on the public debt but he is still way below the 2% inflation target.

RM: He says the money raised from the bank sale will be used to pay off national debt and not fund pre-election giveaways in a move that may disappoint Tories fighting marginal seats.

RM: Osborne is now able to say his original target has been met of getting the national debt share falling by the end of the parliament - although it is still a year later than predicted in emergency budget in June 2010.

RM: The massive fall in the surplus Osborne was predicting for 2018-19 means less opportunity for promised future hand-outs. It is an easing of his plans for austerity that may be designed to kill Labour's argument that he was shrinking the state to size of 1930s.

RM: This decision is a political trap for Ed Balls. Osborne poached the plan from Labour, which said it would be used to pay partly for the tuition fees cut.

RM: Labour has made tackling tax avoidance a major campaign issue. This appears to be an attempt to put the Conservatives on the same page when it comes to stopping multinationals shifting profits offshore. However, yet more claims of raising money through cracking down on tax avoidance may be met with scepticism as they rarely seem to raise as much as expected.

RM: This appears to undo a big tax rise on the industry in 2011 when the oil price was higher. He makes a political argument that this is only possible because the UK is still together - and could not have been afforded in an independent Scotland.

Related: Osborne offers tax cuts and help-to-buy Isas in highly political 2015 budget

RM: There are big cheers from the Tory backbench for this one. It is a tangible cut to red tape that will make a difference to some of their core voters. The abolition of employer NICs for under 21s and self-employed is a bid to boost employment further.

RM: A beer duty cut had been widely expected but it is also cheer for wine, whisky and cider lovers - for voters across the drinking spectrum.

RM: Osborne has frozen or cut petrol duty for so many budgets in a row it would have been impossible for him to put it up this time.

RM: This had been widely trailed - originally a Liberal Democrat policythat the Conservatives have tried to adopt and take credit for since going into coalition. Repeatedly raising the threshold from 6,475 to 11,000 in successive budgets has also been criticised for failing to do anything for the very lowest earners who are already exempt from income tax.

RM: This is the rabbit out of the hat. It is a small-c conservative policy to reward saving will please the Tory faithful and give activists something new to talk about the doorstep but it's not a eye-catching as some may have been hoping for.