FACTBOX-Key points from the Budget

LONDON (Reuters) - Chancellor Alistair Darling cut growth forecasts and raised borrowing plans in his first Budget on Wednesday.

Below are the key points:

GROWTH

- Economic growth forecast cut to 1.75-2.25 percent from 2.0-2.5 percent for 2008, bringing it more in line with private sector forecasters

- Forecast for 2009 cut to 2.25-2.75 percent from 2.5-3 percent

- Global credit crunch blamed for downgrade

BORROWING

- Borrowing forecast raised to 43 billion pounds in 2008/9 from an estimate of 36 billion pounds made in October

- Borrowing forecast at 38 billion pounds in 2009/10 -- up from a previous estimate of 31 billion pounds -- and 32 billion the following year