Budget 2010: No change on VAT, NI and Income Tax

In today's Budget, the Chancellor confirmed his already announced plans to increase Income Tax for high earners and add 1% to NI.

Despite speculation he would increase VAT to 20%, Alistair Darling says he will not make any change to the current 17.5% rate.

The new taxes will largely affect those earning over £100,000, the top 2% on earners.

Darling says tax increases for the wealthy are not "driven by dogma or ideology".