Well, George Osborne has just revealed the Budget for 2016 – his eighth so far as Chancellor – and as ever, there were some winners and losers from the whole thing. Below is a quick overview of the key points.
Also announced in the Budget was the intention to turn all schools into academies by 2022, a so-called "sugar tax" on the soft drinks industry and stricter tax avoidance measures, while duty on fuel, beer, cider and spirits will be frozen, although it'll rise on tobacco products.
There were also announcements regarding transport, devolution plans and a tax cut for the oil and gas industry, but much of it will be overshadowed by the news that the disability living allowance is being cut, not to mention the fact that the GDP growth forecast has been dramatically downgraded.
Nonetheless, the fact that pensions haven't been further tampered with has been largely welcomed, while the benefits for savers and small businesses appear well founded. We'll bring you a more in-depth look at some of the most noteworthy changes – and how they could affect you – over the next few days.
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