- Top rate of income tax reduced to 45p from April 2013
- Child benefit will only be withdrawn from higher rate tax-payers if someone in the household has an income of more than £50,000. To avoid a "cliff-edge" effect, child benefit will be withdrawn at 1% for every extra £100 earned over £50,000.
- An additional 750,000 families will keep some or all of their child benefit and only those earning £60,000 or more will lose all of it
- Tax-free personal allowance to rise by £1,100 from April 2013 to £9,205, making 24 million people £220 a year better off
- This change will lift an additional 75,000 people in the East of England out of income tax
There's been mixed reaction to the Chancellor's Budget across the Anglia region
The MP for Northampton South Brian Binley has describe the Chancellor's Budget as a "missed golden opportunity"
ITV Anglia Political Correspondent Emma Hutchinson reports on how MPs in the Anglia region have being reacting to the Chancellor's budget.