Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, says: "Interestingly beer duty increases have been cancelled so that beer remains affordable. It's interesting to ask how this can be reconciled with the Prime Minister's wish to prevent cheap alcohol encouraging alcoholism."
The rise in personal allowance is being brought forward to 2014, meaning no income tax on the first £10,000 of earnings.
Chancellor George Osborne announces greater control for our region's cities and areas over their own economic destiny.
September's planned fuel duty rise has been scrapped.
Tax-free child care vouchers worth £1,200 per child. Also, increased support for families with children on universal credit.
A new 'Help-to-Buy' scheme will be introduced for those struggling to find mortgage deposits. It 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.
The new mortgage guarantee is sufficient to support £130 billion worth of loans, to help people who cannot afford a big deposit.
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, says: "He has announced that self-employed people will pay more National Insurance to fund better pension entitlement. Again, predictably, he takes with one hand and gives with the other."
The flat rate pension worth £144 a week will be be brought forward to 2016.
- More generous shareholder status
- CGT relief for sales of business to workers
- Tax help to return to help after sickness
- A doubling to £10,000 for tax free loans for commuters' season tickets
New support will be given for small firms through Government procurement budgets, growth vouchers and controls on regulators' charges.