George Osborne has unveiled tax breaks for controversial fracking in a bid to create the "most generous" regime for shale gas in the world.
Find out more about the raft of changes to the welfare benefits system that began to come into force from the 1 April.
The chancellor George Osborne has unveiled his budget - but what impact will it have on YOU?
Chancellor George Osborne has said that "free and impartial advice" on pensions will be delivered by the Government using organisations like Citizen's Advice Bureau and Age UK.
Mr Osborne said the steps meant people could "make the right choices" and know that they are getting "good, independent guidance that is right for them".
Planning for retirement is a crucial life stage, and it is important that people feel well-informed and confident in the decisions they make, the chief executive of the Money Advice Service (MAS) said. Caroline Rookes added:
– Caroline Rookes, chief executive of Money Advice Service
The Money Advice Service welcomes the Treasury's announcement that we will have a role in the provision of the retirement guidance guarantee.
We are pleased to have this opportunity to build on our existing work helping people as they approach retirement and with wider money issues.
Millions of people will get free, impartial advice on how to make the most of their retirement savings under George Osborne's radical shake-up of the pension system. Pensions expert Ros Altmann, the Government's older workers' business champion, said:
– Ros Altmann, Pensions expert
The decision that guidance must be impartial and separate from the industry is a real game-changer and will help equip people to make the right decisions for them.
The challenge is now firmly with the industry to develop the products that people need, rather than simply the products they wish to sell.
The government will publish new rules for the pensions industry giving retirees greater access to their savings and free financial advice, fleshing out reforms announced earlier this year that shook the share value of British insurers.
Chancellor George Osborne caught Britain's pensions industry by surprise in March when he scrapped a rule forcing people to buy an annuity, a financial product which converts a retiree's pension pot into a guaranteed retirement income.
"It's right to support hard working people that have taken the long-term decision to save for their future and I'm pleased that the responses we had to our proposals on making pensions more flexible have been overwhelmingly positive," Mr Osborne said.
Today's announcement that the government is to allow generous tax incentives to encourage 'fracking' has had a very mixed response.
Fracking is the method of releasing natural gas from rock deep beneath the earth's surface, and there are reserves in both Kent and Sussex. Alison MacKenzie reports.
The Chancellor George Osborne was in Kent today to defend the changes he's made to the benefits system. He said tax cuts mean 90 per cent of people will actually be better off. And if some people lose out because of welfare reform - that's just inevitable.
The system, he said, is fundamentally broken. From Sittingbourne, our political correspondent Phil Hornby reports. His report includes an interview with Sandra Arnold, who receives benefits.
Chancellor George Osborne has defended welfare and tax changes that are being introduced this month.
In a speech, he said: "For too long we've had a system where people who did the right thing, who get up in the morning and work hard felt penalised for it. While people who did the wrong thing got rewarded for it. That's wrong.
"So, this month we're going to put things right. This month, nine out of ten working households will be better off as a result of the changes we are making. This month we will make work pay".
- 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