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Key Budget measures include
Maintaining a stable economy
Productivity and enterprise in a flexible economy

High quality public services
Employment opportunity for all
Building a fairer society
Protecting the environment

Household income
Where taxpayers' money is spent
Further information
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Britain has high employment levels but the amount of output produced per worker – productivity – has historically been lower than in other major economies. Britain's relative performance has been improving in recent years, with productivity now the same as Germany and moving close to France. A flexible, enterprising and high-skilled economy with risk-based regulation will help deliver faster productivity growth and ensure the UK is well-placed to prosper in the global economy. Budget announcements include:

• a package of measures to enhance the UK's position as a leading location for inward investment;
  
  
• advancing the ten year Science and Innovation Framework, including further measures to create a world class environment for health research, and to enhance the supply of skilled scientists;
  
  
• plans for reform of the further education sector, making the most of the Government's investment in skills;
  
  
• measures to improve the efficiency of the property investment market through the introduction of Real Estate Investment Trusts; and
  
  
• further plans to reduce the regulatory burden on business, including new commitments to reduce the time that businesses spend filling in tax forms and dealing with tax audits and inspections.
  

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