The new Employment Allowance will take the first £2,000 off the employer National Insurance bill of every company in the country.
Around 450,000 small busineses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in April next year.
A round up of the press' reaction to George Osborne's Budget 2013.
The borrowing figures announced by the Chancellor today were as bad, if not worse, than expected.
Conservative sources in the coalition said there will be no more welfare savings in the 2015/16 spending round.