- 3 updates
Bernices Weekes asks: "What has the Chancellor done to help those on low pay?"
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, says: "The Chancellor has brought forward the £10,000 tax-free allowance to 2014. So, at least this amount will be free of tax by this time. You'll notice some reduction in your income tax from April 2014.
"Most of his measures though, are really designed to encourage the economy and therefore increase prospects for employment and general wealth creation. His concession on employers National Insurance contributions is designed to make it easier for businesses to take on staff."
Corrine Hudson asked: "I am a nurse on a pay freeze. All utility bills are going up. How will this budget affect me?
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, replied: "In the short term, not a lot i'm afraid. The tax-free personal allowance goes up to £10,000 in April 2014, so that will help to keep your tax bill down. If you drink beer you'll notice (or not) a reduction of 1p per pint.
"Also, in September your petrol won't go up through increased tax - but increased oil prices and the fall in the Pound probably means it will go up for other reasons. Your best hope is that the Chancellor will succeed in getting the economy going and this will help you in the long run.
"He seems to have maintained his promise of ring-fencing the health service budget. So, that's good news."
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Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.