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How will the Chancellor's Budget affect you?

Here are some of the measures announced by Chancellor George Osborne that could affect voters' wallets:

  • Rise in personal allowance brought forward to 2014, meaning no income tax on the first £10,000 of earnings
  • Tax free child care vouchers worth £1,200 per child and increased support for families with children on universal credit
  • Flat rate pension worth £144 a week to be brought forward to 2016
  • Fuel duty rise scrapped
  • Help for Equitable Life policy holders extended to those who bought with-profits annuities before 1992, with payments of £5,000 and extra £5,000 for those on lowest incomes
  • Planned 3p rise in beer duty tax scrapped and replaced by a 1p cut in duty on a pint of beer
  • New Help-to-Buy scheme for those struggling to find mortgage deposits will include £3.5 billion for shared equity loans, and a Government interest-free loan worth 20% of the value of a new build house
  • Cap-on social care costs to come in in 2017 and protect savings above £72,000

Business Club members welcome reduction in Corporation Tax

Stephen Winyard from Stobo Castle in Peebles, and Philip Cranston from Cranstons Butchers, both welcome the Corporation Tax reduction in 2015.

Sally Fielding from Sally's Cottages in the Lakes says that anything that puts more cash in the pockets of her customers is a good thing.

All say that there are not enough incentives to help younger people find work.

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Around 1,300 Government staff on strike in Scotland

The Scottish Government has estimated that around 1,283 workers from its core and main agencies are on strike, equating to around 18% of Government staff.

A spokeswoman for the Government said:

"Main Scottish Government and agency buildings have remained open and arrangements are in place to ensure essential business continues."

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Civils servants strike ahead of budget

Public and Commercial Services Union strikers at Scottish Government Headquarters Credit: ITV News Border

Civil servants are striking outside of the Scottish Government headquarters ahead of the budget.

It is thought that up to 250,000 Public and Commercial Services union (PCS) members could walk out today in protest over pensions, pay and working conditions.

Full Report: Cash for Cumbrian companies up for grabs

Businesses in Cumbria are being encouraged to apply for loans to help themselves and the local economy.

1.8 million pounds has just become available via the Government's regional growth fund.

The money is being distributed by a not for profit organisation in Penrith.

Tim Backshall has been to see one business that is already benefitting from this type of loan.

Watch his full report below.

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