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.
The UK economy has grown at the fastest rate in five years, partly because of the Olympics. But have we felt it here?
Negotiations are underway to try and save some of the 83 jobs threatened by the closure of Hoopers department store next month. Relocation is unlikely to offer a realistic option for most staff as the chain's other stores are a long way outside of Cumbria.
Carlisle department store, Hoopers, is to close with the loss of 83 jobs. The store, on Castle Street in the city centre, has been open since 2006. It is currently closed while staff prepare for a clearance sale and will continue trading until June 23.