- 14 updates
There was support yesterday for the scrapping of the planned fuel increase, the cut in beer duty and the help for house buyers.
But some did not believe the budget went far enough and there was anger that public sector pay rises will be capped at one per cent.
Tim Backshall was gauging public reaction:
The Finance Secretary for Scotland, John Swinney, has given his post-budget reaction:
It was called a Budget for jobs and to show that Britian is open for busines. But how do the men and women who employ hundreds of people feel? Hannah McNulty was with members of the ITV Business Club in Gretna Green. In the home of weddings, did they love or loathe it?
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
Our correspondent Dan Ashby joined Pam in the studio to explain what the Budget announced by George Osborne may mean for the region.
Hannah McNulty joined members of the ITV Business Club in Gretna to get their reaction to the Chancellor's announcement and Budget plans.
You can watch her lunchtime report below.
Latest ITV News reports
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.
Osborne surprisingly had a fair amount of leeway in his Budget. But we have to set all this in the context of a very gloomy overall picture.