The most Tory things from George Osborne's Budget

Well, it was the first Conservative government Budget since 1996, so what did we expect, really?

Here are the most Tory announcements from George Osborne's statement to the House:

1. Committing the UK to meet the Nato pledge of spending two per cent of national income on defence every year until 2020.

2. Corporation tax to be cut from 20 per cent to 19 per cent in 2017 and 18 per cent by 2020.

3. While tax-free personal allowances for income tax will be raised from £10,600 to £11,000, there was still no national insurance threshold.

4. Welfare cuts, as detailed below, will save £12 billion by 2019/2020.

5. Changes to tax credits will bring benefit spending back to 2007/2008 levels in real terms.

6. The benefits cap will be reduced from £26,000 per household to £23,000 in London and £20,000 elsewhere. People in social housing earning more than £40,000 in London and £30,000 outside the capital will also pay rent at market rates.

7. The rate at which a household's tax credit is reduced as it earns will be increased by 48 per cent - and the income rise disregard reduced from £5,000 to £2,500.

8. Income threshold for tax credits to be reduced from £6,420 to £3,850, with similar reductions to Universal Credit work allowances (which will also no longer be awarded to non-disabled claimants without children).

9. Working age benefits to be frozen for four years - including tax credits and local housing allowance (only maternity pay and disability benefits will be protected).

10. Automatic housing benefit entitlement for people aged 18 to 21 will be scrapped. A new Youth Obligation will be set up requiring people in this age group to earn or learn - with exemptions for vulnerable people.

11. Increasing the inheritance tax threshold so that up to £1million can be passed on to children without paying any tax.

12. The climate change levy exemption for renewable electricity is being removed.

13. But fuel duty will remain frozen, all cash raised from vehicle excise duty in England this decade will go towards new roads, and oil and gas tax breaks outlined in the March Budget will go ahead.

But here are the non-traditional Tory measures announced by Osborne, some of which defy categorisation.

1. Introducing a National Living Wage for working people aged over 25, starting in April 2016 at £7.20 an hour and £9 by 2020.

It's not in practice a living wage though; it's an increased minimum wage.

But the Low Pay Commission will recommend future rises in the National Living Wage to reach 60 per cent of median earnings by 2020.

This was work and pensions secretary Iain Duncan Smith's reaction when this was announced:

2. Increasing the higher rate income tax threshold from £42,385 to £43,000 - lifting 130,000 people out of the higher rate.

3. Support for children through tax credits and universal credits will be limited to two children from April 2017 onwards. Effectively a two-child policy?

4. Disability benefits will not be means-tested, and funding the domestic abuse victims and women's refuges will be increased.

5. The NHS will receive a further £8billion in funding by 2020.

6. Non-dom status is being abolished for people born in the UK to parents domiciled here.

What a time to be alive.

More: George Osborne just copied one of Ed Miliband's greatest ideas

More: George Osborne appears to be taking credit for writing so neat it looks like computer type