 Emergency Budget unveiled ?6.2bn of cuts. Credit ratings agencies said UK no longer in danger of losing triple-a rating.  Plan to eliminate deficit in this parliament with ?81bn of cuts.  The Office for Budget Responsibility downgraded growth forecast for 2011 from 2.6% to 1.7%. Growth in last quarter of 2010 -0.5% and first quarter of 2011 0.5%. Critics insisted economy flatlined for six months.  Net borrowing ?148.9bn, 10.2% of GDP.  Government measures included: VaT rise, bringing in ?1bn a month; National Insurance rise; 750,000 more people brought into higher tax bracket; 850,000 of the lowest paid taken out of income tax; public-sector pay freeze; corporation tax cut by 2% to 26%; and ?2bn a year windfall tax on North Sea oil and gas giants, which led to predictions of up to 40,000 job losses.  Credibility rating: 6 out of 10.  Plan to hand control of much of England s NHS budget to GPs and open up NHS to greater competition from private sector.  Serious concerns expressed particularly from LibDems. PM took charge as Coalition announced two-month period to  pause, listen, reflect and improve .  May provide biggest Lib-Con split so far.  Credibility rating: 2 out of 10.  Major overhaul planned to cut ?113bn annual welfare bill with universal credit to replace mix of benefits. Sanctions for those turning down jobs and cap on benefits paid to single families.  New tests for 1.5 million people on incapacity benefit began. almost 30% of those tested in pilot schemes in aberdeen and Burnley were declared fit to work.  Credibility rating: 7 out of 10.  after an embarrassing LibDem U-turn on tuition fees, the Coalition Government secured a Bill to allow universities to charge up to ?9000 per year, up from ?3290.  Ministers insisted the move was  progressive  and would maintain high standards.  Some LibDems, notably ex-leaders  Sir Menzies Campbell and Charles Kennedy, voted against. The move prompted dramatic protests at Westminster. Car carrying Prince Charles was attacked.  Ministers suggested universities  would only charge top rate in  exceptional circumstances   but so far two-thirds have said  they will.  Education Secretary Michael Gove was forced to apologise over school closure plan in England.  Credibility rating: 4 out of 10.  Review of defence and security   in light of ?38bn black hole in MoD budget resulted in closure of RaF Kinloss and scrapping of Nimrod spy planes, which will save ?2bn.  Threat still hangs over RaF bases at Lossiemouth and Leuchars.  Political campaigns launched to save them. Decision due before summer.  Flagship HMS ark Royal is scrapped.  Contract for two new aircraft carriers reluctantly kept. Yet only one to be fully operational by 2020, other likely to be sold.  Carriers  ?5bn cost already set to rise to ?7bn because of modification to allow French and US planes to operate from them.  11,000 redundancies announced across three forces. First tranche due in September.  Credibility rating: 3 out of 10.  UK unemployment stayed roughly same as last year at just under 2.5 million or 7.8%. Scotland s rose over year from 208,000 to 219,000. Concerns over UK youth unemployment which almost hit one million.  Public-sector job cuts rose by 132,000 but Government boasted 300,000 private 